Over-payment fraud, the victim receives an invalid monetary instrument with instructions to deposit it in a bank account and send excess funds or a percentage of the deposited money back to the sender.
However, German Finance Minister Wolfgang Schaeuble said he and the International Monetary Fund had been in favour of "respecting the deposit guarantee for accounts up to 100, 000" euros.
The development of the Term Deposit Facility is an issue of prudent planning and should have implications for the near-term conduct of monetary policy.