I really don't get it, because I have to provide my ID every year or so for verification. I really don't get how these scammer can get away with that, but obviously every time.
Also you often do not even need to take a picture of an ID to open an account online, just have the info of an identity that you steal. After that, you get an atm card, wear a covid mask, shades and hat, call to raise the limit and take it out asap.
My experience with 4 different banks:
1. Limit of $500 cannot be changed
2. Limit raised to $1,100 over the phone; apparently if I show up at a branch and bring my first born, I can get it as high as $1,500.
3. Limit of $500 suddenly reduced to $200 (!) with the option to call in and raise it to $400.
4. Limit raised to $2,000. Some years later, suddenly reduced to $1,000. Haven't bothered looking into this yet.
I recently learned that some Chase Bank ATMs inside branches used with Chase ATM cards can get $3000 in one transaction. I did it the first time a few days ago.
Back to the topic, we're up to $3-4k now which is more than I thought, but still not enough to pull off this $12k scam.
They could have saved a lot of money on ATM fees (which they always refund me) by increasing my limit, that's for sure.