Thursday, April 20, 2006

WebCPA | Tools and Resources for the Electronic Accountant - An Investcorp and SourceMedia Publication

" Brother, can you spare a Turkish lira?

By Robert Scott, Editor, Accounting Technology

There's nothing like standing on a street corner in Istanbul and having the ATM screen reply repeatedly, 'Your bank declines this transaction.'

So much for Bank of America and the global economy. That bland statement was the only response in repeated efforts to get money, although at one point, one machine doled out a 20-note New Turkish Lira, before clamming up again.

Fortunately, my wife's Wachovia ATM card worked. Back in the states, my local BOA ATM informed me that my card was no longer valid. The next day a not-so-quick call to the BOA empire yielded someone in fraud detection who said BOA automatically puts a hold on cards when they are used abroad.

'You should have called us and told us you were going overseas,' was the advice."

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