I was the one who said €500 but I’ve since been reminded it’s actually €800. If I understand the court coverage correctly then neither side is disputing that this is what happened at least on some occasions for which they have records. There was the reference to €5000 being withdrawn over a 20 minute period in Blanchardstown and then €16,000 from Belturbet and Cavan town over a 2 hour period. At that rate it would only take three or four hours a week shuttling between ATMS pulling €20,000 or so each time, to stay current on the draw downs for all five accounts. If they are each doing it individually in amounts of €5,000 per week, and don’t have the same risk of clearing out the machine and having to drive to a new location, then it could probably be done in 20 minutes or so each week.
Regarding the bank getting suspicious, on what basis? Fraud? Money laundering? As I understand it the process when a foreign card is used outside its home country is that the bank that owns the ATM gets a digital authorisation before dispensing cash. So if the Russian bank is authorising each transaction then there is no fraud risk for the Irish bank. For money laundering maybe some alarm bells were rung. Maybe that would explain the mystery about how the IBRC’s legal team got their hands on records about the serial withdrawals mentioned above.