One such feature is blocking the use of ATM card or credit card after entering the PIN (Personal Identification Number) for 3 times.
It means that when you insert your ATM card or credit card to an ATM machine and you've entered 3 wrong ATM PINS, you will be blocked from using or transacting your ATM card in any ATM machine. Although you can still use the card in purchasing online.
What is the solution if you've exceeded the maximum ATM PIN attempts (3 times)?
It's very unfortunate for you if you forgot your ATM PIN or if you lost a copy of your ATM PIN.
The solution is to wait for 24 hours. After 24 hours, you can now use your ATM or credit card in any ATM machine and transact whatever you like.
Banks implement such ATM PIN tries limit as a security feature. In case you've lost your ATM card or credit card, the person who will transact using your ATM card will be limited to the number of ATM PIN attempts he/she enters.
Did you experience ATM PIN failed attempts? Share your story to us in the comment below.