Account holders with various banks operating in Pakistan often complain of controversial deductions from ATM accounts. It is noted that the banks often claim to provide ‘funds transfer’ services through the ATM card as ‘free of charge’ and a few banks claim to provide the same services on deduction of nominal service charges but deductions these banks make establish an evidence of scam against many banks. Our banking sector has earned notoriety for money laundering, dead customer scams, sluggish ATM service, grubby notes, inflated and irrational deductions, fraudulent activities, etc. Indeed, the growing scope and scale of fraud in the banking sector is manageable and rectifiable but who cares?


Islamabad, June 19.