In May of 1995, I suddenly found myself smack in the middle of a very unusual ’life experiment.’ I deposited a junk mail check into my ATM and to my absolute astonishment, it cashed.
Junk mail cheque cashes
I found a case where a man successfully cashed a promotional junk mail cheque for $95,000 using an ATM. This 1995 experiment exposed significant vulnerabilities in automated banking systems and oversight regarding non-standard financial documents.