Thursday, March 7, 2013

Millions left without money as RBS systems crash



http://www.telegraph.co.uk/finance/newsbysector/epic/rbs/9914242/Millions-left-without-money-as-RBS-systems-crash.html

Millions left without money as RBS systems crash
Up to 17.5 million RBS banking group customers were left without their money last night as the bank’s systems crashed.

By Hayley Dixon12:03AM GMT 07

The group, which owns Royal Bank of Scotland, NatWest and the Bank of Ulster, apologised to its customers amid reports that they were unable to access their accounts or withdraw money.
The crash comes just months after a computer meltdown that left millions of customers unable to withdraw cash.

People claimed that they had been left stranded, hungry and embarrassed as they were unable to access their own money and had their cards declined.



RBS and its subsidiaries NatWest and the Bank of Ulster issued apologies via Twitter after customers reported problems with cash machines and cards being declined, accessing their accounts online and via telephone.

A statement tweeted by accounts run by all three banks said: "We are aware of the problems our customers are having and apologise, we will provide more information as soon as we have it."

The Government could use its RBS stake to support our growing businesses 28 Feb 2013
Stephen Hester, the chief executive of RBS, which is 80% state-owned, was forced to apologise last June after millions of customers were left unable to view an up-to-date balance, move money or pay bills for days after a software update.

The three banks had to extend opening hours to assist customers. A month later more than 700,000 customers were affected by a "human error" that saw some accounts debited twice.

Customers took to twitter last night to vent their frustration, with NatWest becoming one of the top topics on the social networking site just over an hour after problems were first reported at around 10pm.

One user, Sharri Morris, tweeted: “Natwest, you left me with no dinner tonight, and left me walking home in the rain! I'd like some compensation please!

Another, Mark Hillman, from Maidenhead, Berkshire, wrote: "Natwest whole system is down! No ATM's, no online banking and cards WILL be declined. Just found that out the hard way. Pls RT."
RBS was not immediately available for comment on what was causing the problem.

A NatWest customer services adviser said that online and telephone banking, cash withdrawals and payments had been affected for most of the UK’s customers, according to the BBC.

The RBS group has around 17.5 million customers.

Many said that they were considering moving to another bank in light of the most recent fiasco.
Rich Stones ‏asked: “How many chances are #natwest customers gonna give them?”
- Customers call for compensation after RBS systems failure

2 comments:

  1. I'd love for this to be a sign of what is to come. However, lets assume the bank and/or govt. created this problem. All they would have to do is misplace a couple dollars in all or most of these accounts and poof--suddenly their dreadful failing institution just got a little better. I'm just thinking out loud.

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  2. It's more likely to have been a result of rampant outsourcing of banks' IT support jobs to cheap foreigners, quite a lot with dubious qualifications and competency. Similar crashes have happened to Asian banks.

    As the saying goes, you get what you pay for.

    I would be only concerned if bank holidays suddenly gets imposed for no apparent reason.

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