There is actually a very simple solution that a bank could use to mitigate this issue - just send a SMS everytime there is an ATM withdrawal. I believe the ban

There is actually a very simple solution that a bank could use to mitigate this issue - just send a SMS everytime there is an ATM withdrawal. I believe the bank I've just moved to (http://www.kotak.com/ http://www.kotak.com/) does do this. It sends me an SMS for every transaction done so far (I haven't used the ATM yet).