YSK Purchases made at dispensaries will show up as ATM withdrawals on your bank statement

[u/canicryaboutit]

Why YSK: I work in the fraud department at a major bank and I get SO MANY calls daily from people reporting fraudulent ATM transactions with random amounts you normally can't withdraw from an ATM. Legally, dispensaries cannot say they are a dispensary so transactions made will not show as such. Save yourself the hassle of filing a claim and having to get a new card by remembering this the next time you make a purchase at your favorite spot or when you see a transaction at an ATM pop up that you may not recognize and you've shopped at a dispensary recently :)

Edit to say: I get it, many of you only know of cash dispensaries. That's cool. Just trying to help those it does apply to :)

Edit #2 to add: I work in the US and this is only specific to my country. Our bank is in most of the 50 states and I have dealt with this issue in most of the states where it is legal. I NEVER expected this to blow up, was just trying to share some info to help anyone I could avoid getting their card closed for no reason.

Edit #3 (last one, I swear) to add: in the US dispensaries are not federally legal so it can cause problems with the law and the banks to actually call themselves "dispensaries "

[u/HittingSmoke]

In WA for a while they had a system where you'd pay with a card, it would buy Bitcoin for the amount to cover the purchase, then sell the Bitcoin and deliver the cash to the business.

It didn't last long.