Windward Islands Bank reduces ATM withdrawal amount

POSTED: 04/23/12 1:51 PM

St. Maarten – Windward Islands Bank (Wib) has reduced the amount of money their clients can obtain from Automatic Teller Machines (ATMs). Customers will only be able to get $500.

“Since the recent skimming at the ATMs in the Caribbean the management of the Windward Islands Bank has decided, as a precautionary measure, to reduce the amount of funds that a client could from the machine,” Deputy Manager of the Windward Islands Bank Dereck Downes said.

“This only a temporary measure which will not only protect the clients but also the bank,” Downes added.

In the past clients could withdraw $600 or the equivalent in guilders each day. The bank official believes reducing the amount people can with draw will make a significant difference and help banks deal with what is becoming a prevalent crime.

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