How is it that WE pay fees to banks and are told that they are working for us YET the banks have failed us while we pay them to never fail and now we cannot even access our money if we are out of country!
ATM fraud hits UAE banks
DUBAI (AFP) — Thousands of residents of the United Arab Emirates spending the Eid al-Fitr holiday abroad may not be able to gain access to cash as banks block international ATM transactions to combat fraud, a newspaper reported on Tuesday.
The fraud is believed to have occurred after a network that banks use to share sensitive information such as PIN numbers was breached, The National said.
The incident has exposed most banks in the UAE, the paper said.
It reported that Lloyds TSB said on Monday it had prohibited withdrawals from UAE-issued cards at cash machines in several countries, including Britain and the United States, while maintaining limits on local withdrawals.
In addition to having temporarily "switched off the use of debit cards outside the UAE," Citibank said it had been blocking cards that were "at imminent risk of being compromised".
Banks were closed in the UAE on Tuesday as the country joined most Arab states in celebrating Eid al-Fitr, which marks the end of the Muslim fasting month of Ramadan.