Phantom Withdrawals - definition of Phantom Withdrawals by The Free Dictionary
phantom withdrawal (redirected from Phantom Withdrawals)
Also found in: Financial
(Banking & Finance) the unauthorized removal of funds from a bank account using an automated teller machine
References in periodicals archive
However, Melville is keen that two so-called phantom withdrawals
do not turn into an epidemic hence his letter to the tracks yesterday.
PC John Munden, 45, became the first person in Britain to land in court after claiming his building society account had been stripped of cash by phantom withdrawals
from hole-in-the-wall machines.