what the fuck is dbs trying to do to their account holders?

[leetahbar]

if we believe all those gov craps, u bet ur arse our goose is already roasted!:oIo::*:

 

[johnny333]

I don't see anything wrong with my POSB account. The ATMs which I use often are perfectly okay. No issue with the bank at all.

It's all about convenience & peace of mind.

DBS may have the largest ATM network in Spore but you will face the inconvenience of long queues. Just make sure to check regularly the amount you have in your account because you never know what will happen. They have a history of being careless when it comes to handling other peoples possession.

This carelessness is no secret. Which other bank throws out safety deposit boxes without checking first if it is empty Then there is the problem with of their unreliable ATM machines

There are also problems with their processes. I had problems updating my new address with DBS. For years they kept sending mail to my old address even though I'd informed them of my new address.

I'd invested in a number of unit trusts via DBS. When I tried to check on how they were doing the bank couldn't do it They don't even keep details of what their customers invest in

I've had accounts with other banks & DBS is the worst. When I see their ads it still makes me smile because I'm NOT a DBS customer

 

[saratogas]

Nobody force you to use DBS... You have the freedom to choose your own bank, just like your gahment... When they fucked up! It's your poor choice!

 

[soIsee]

It's all about convenience & peace of mind.

DBS may have the largest ATM network in Spore but you will face the inconvenience of long queues. Just make sure to check regularly the amount you have in your account because you never know what will happen. They have a history of being careless when it comes to handling other peoples possession.

This carelessness is no secret. Which other bank throws out safety deposit boxes without checking first if it is empty Then there is the problem with of their unreliable ATM machines

There are also problems with their processes. I had problems updating my new address with DBS. For years they kept sending mail to my old address even though I'd informed them of my new address.

I'd invested in a number of unit trusts via DBS. When I tried to check on how they were doing the bank couldn't do it They don't even keep details of what their customers invest in

I've had accounts with other banks & DBS is the worst. When I see their ads it still makes me smile because I'm NOT a DBS customer

you better check those accounts and keep a eagle eye on the amounts especially if you do not update pass books.

Amounts of small amounts can be disappearing.

For whatever reasons.

 

[johnny333]

Nobody force you to use DBS... You have the freedom to choose your own bank, just like your gahment... When they fucked up! It's your poor choice!

For many a POSB account is their 1st account. I must admit that I held onto a POSB account until a few years ago because of loyalty Unfortunately some people are unaware of how bad POSB/DBS has become compared to other banks. I can compare because I have had accounts with HSBC, Stand Chart, OCBC & Citibank

I take the added trouble to use a Maybank Credit Card because they were the 1st to issue me a CC without any service fee. This was during the time when ALL banks charged a yearly service fee.I am one of those who believe in being a loyal customer. :o

 

[zhihau]

For many a POSB account is their 1st account.

hehehe...
bro, that's how POSB marketed themselves in the past, people's bank. only hold about five hundred plus to prevent DBS/POSB from deducting the service charge in my account, the rest of the savings goes into other bank accounts for the ease of banking.

 

[johnny333]

hehehe...
bro, that's how POSB marketed themselves in the past, people's bank. only hold about five hundred plus to prevent DBS/POSB from deducting the service charge in my account, the rest of the savings goes into other bank accounts for the ease of banking.

Why are you hanging on to your POSB account?

In the past the POSB was useful because of the number of ATM machines but nowadays even Citibank has enough conveniently located ATMs & you can even pay bills using the AXS machines.

 

[sleaguepunter]

Why are you hanging on to your POSB account?

In the past the POSB was useful because of the number of ATM machines but nowadays even Citibank has enough conveniently located ATMs & you can even pay bills using the AXS machines.

some Stat boards and GLCs only credit salary into dbs/posb. Govt empolyees confirm need dbs/posb to receive "coolie kang".

 

[johnny333]

you better check those accounts and keep a eagle eye on the amounts especially if you do not update pass books.

Amounts of small amounts can be disappearing.

For whatever reasons.

Many Sporeans watch their deposites like a hawk with good reasons. This is especially important if your account is dormant i.e. no activity
I heard of some Indonesians from Batam who parked their funds in Spore for the safety. They were not regular visitors to Spore & on one of their visits they were surprised when their $$$ went missing

 

[johnny333]

some Stat boards and GLCs only credit salary into dbs/posb. Govt empolyees confirm need dbs/posb to receive "coolie kang".

Forgot about that:o

 

[zhihau]

Why are you hanging on to your POSB account?

because it's my first joint-account with my aged mother, sentimental values mah :o:o:o

 

[Jah_rastafar_I]

you better check those accounts and keep a eagle eye on the amounts especially if you do not update pass books.

Amounts of small amounts can be disappearing.

For whatever reasons.

Many Sporeans watch their deposites like a hawk with good reasons. This is especially important if your account is dormant i.e. no activity
I heard of some Indonesians from Batam who parked their funds in Spore for the safety. They were not regular visitors to Spore & on one of their visits they were surprised when their $$$ went missing

Wow so serious ah? Wtf.

 

[yinyang]

like a hawk with good reasons. This is especially important if your account is dormant i.e. no activity ..not regular visitors to Spore & on one of their visits they were surprised when their $$$ went missing

Heard of this real story replicated elsewhere in many places: Just needs 1 back room fella with access (and deft fingers) to clean up the decimals en masse? :p

 

[leetahbar]

Nobody force you to use DBS... You have the freedom to choose your own bank, just like your gahment... When they fucked up! It's your poor choice!

when i was in primary school, the friendly cute posb girls came to our school and started everyone saving with a posb accouunt. it was a tedious way of saving. we were asked to buy postage stamps and paste it on a card. then deposit the card with posb as saving into our accounts. that's almost every kids during my era ended up banking with posb which was truly a peoples' bank then until dbs took over and ruin it.

 

[johnny333]

Heard of this real story replicated elsewhere in many places: Just needs 1 back room fella with access (and deft fingers) to clean up the decimals en masse? :p

You're probably referring to the famous Salami fraud. With so many foreigners in Spore I wouldn't be surprised if some of them have already attempted this

http://www.networkworld.com/newsletters/sec/2002/01467137.html

Salami fraud


By M. E. Kabay
Network World Security Newsletter, 07/24/02

One type of computer crime that gets mentioned in introductory courses or in conversations among security experts is the salami fraud.

In the salami technique, criminals steal money or resources a bit at a time. Two different etymologies are circulating about the origins of this term. One school of security specialists claim that it refers to slicing the data thinly, like a salami. Others argue that it means building up a significant object or amount from tiny scraps, like a salami.

The classic story about a salami attack is the old " collect-the-roundoff " trick. In this scam, a programmer modifies arithmetic routines, such as interest computations. Typically, the calculations are carried out to several decimal places beyond the customary two or three kept for financial records. For example, when currency is in dollars, the roundoff goes up to the nearest penny about half the time and down the rest of the time. If a programmer arranges to collect these fractions of pennies in a separate account, a sizable fund can grow with no warning to the financial institution.

More daring salamis slice off larger amounts. The security literature includes case studies in which an embezzler removed 20 cents to 30 cents from hundreds of accounts two or three times a year. These thefts were not discovered or reported; most victims wouldn't bother finding the reasons for such small discrepancies. Other salamis have used bank service charges, increasing the cost of a check by 5 cents, for example.

In another scam, two programmers made their payroll program increase the federal withholding amounts by a few cents per pay period for hundreds of fellow employees. The excess payments were credited to the programmers' withholding accounts instead of to the victims' accounts. At income-tax time the following year, the thieves received fat refunds from the Internal Revenue Service.

In January 1993, four executives of a rental-car franchise in Florida were charged with defrauding at least 47,000 customers using a salami technique. The federal grand jury in Fort Lauderdale claimed that the defendants modified a computer billing program to add five extra gallons to the actual gas tank capacity of their vehicles. From 1988 through 1991, every customer who returned a car without topping it off ended up paying inflated rates for an inflated total of gasoline. The thefts ranged from $2 to $15 per customer - rather thick slices of salami but nonetheless difficult for the victims to detect.

Peter G. Neumann wrote in RISKS 18.75 that in January 1997, "Willis Robinson, 22, of Libertytown, Maryland, was sentenced to 10 years in prison (six of which were suspended) for having reprogrammed his Taco Bell drive-up-window cash register - causing it to ring up each $2.99 item internally as a 1-cent item, so that he could pocket $2.98 each time. He amassed $3,600 before he was caught. Another correspondent adds that management assumed the error was hardware or software and only caught the perpetrator when he bragged about his crime to co-workers."

In Los Angeles in October 1998, the district attorneys charged four men with fraud for allegedly installing computer chips in gasoline pumps that cheated consumers by overstating the amounts pumped. The problem came to light when an increasing number of consumers charged that they had been sold more gasoline than the capacity of their gas tanks. However, the fraud was difficult to prove initially because the perpetrators programmed the chips to deliver exactly the right amount of gasoline when asked for five- and 10-gallon amounts - precisely the amounts typically used by inspectors.

Unfortunately, salami attacks are designed to be difficult to detect. The only hope is that random audits, especially of financial data, will pick up a pattern of discrepancies and lead to discovery. As any accountant will warn, even a tiny error must be tracked down, since it may indicate a much larger problem.

For example, Cliff Stoll's famous adventures tracking down spies in the Internet began with an unexplained 75-cent discrepancy between two different resource accounting systems on Unix computers at the Keck Observatory of the Lawrence Berkeley Laboratories. Stoll's determination to understand how the problem could have occurred revealed an unknown user; the investigation led to the discovery that resource-accounting records were being modified to remove evidence of system use. The rest of the story is told in Stoll's book, " The Cuckoo's Egg " (1989, Pocket Books: Simon & Schuster, New York. ISBN 0-671-72688-9).

If more of us paid attention to anomalies, we'd be in better shape to fight the salami rogues. Computer systems are deterministic machines - at least where application programs are concerned. Any error has a cause. Looking for the causes of discrepancies will seriously hamper the perpetrators of salami attacks. From a systems development standpoint, such scams reinforce the critical importance of sound quality assurance throughout the software development life cycle.

Moral: Don't ignore what appear to be errors in computer-based financial or other accounting systems.

 

[leetahbar]

my li'l bro leetahsasr said that when he was at atm, a stack of $50, $1k altogether would pop out and waive at him. if that happens again, could he keep the money? finder'skeeper. would it be a crime?

that idiot actually had money popping out twice at him at 2 different locations. each time he would take the money and return to the posb the next day.

stoopig!!