How does a bank recover the amount which is lost in a robbery?

The amount has been robbed from the bank The bank does not know as to where the money has gone The police is investigating the issue and they are also not able to find out the culprits. Now what can the bank do? read more

In the case of robbery, when the bank finds good reasons that they cannot get back the amount in the near future, they will be making provisions for setting off the amount from the profit. read more

Best Answer: FDIC has nothing to do with funds lost to a robbery. It only covers depositors for their losses in the event the bank becomes insolvent and has to be closed. Banks have separate insurance to cover losses from robbery or fraud. read more

If you realize your debit card or PIN has been lost, stolen or used without your permission, notify the bank as soon as possible. If you notify the bank within two business days, you can only be held liable for up to $50 in unauthorized transactions. Otherwise, you can be held liable for up to $500 in unauthorized charges. read more