UOB compensates woman for $7,000 stolen from ATM

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A woman who had close to $7,000 stolen from her bank account can heave a sigh of relief as the bank has agreed to help compensate for her loss, Lianhe Wanbao reported on Friday.

United Overseas Bank has agreed to pay Madam Lee back after funds from her account were illegally withdrawn from an automatic teller machine (ATM) in the Philippines.

According to the Chinese daily, someone had withdrawn money from the account about 20 times on October 14 and 15 at an ATM in the Philippines. The amount taken out each time was about $300.

Security measures put in place earlier this year in response to a large scale DBS ATM fraud case had made it more difficult for ATM cards to be used overseas.

However, the victim had earlier applied for her card to be used overseas.

A spokesperson from UOB told Lianhe Wanbao that Madam Lee was notified of the discrepancy as soon as unusual activity was detected.