Large queues at Bank of Ireland ATMs this evening.
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0ph0rce0
It's not that you're wrong.. but you have a very high opinion of our legal and justice system if you believe that!
Unfortunately the reality is that the system allows people with dozens or hundreds of convictions to roam the streets, allows feral teens to attack tourists and innocents on the city streets without fear of reprisal, and open drug dealing day and night.
The only ones who are punished by our system are those who are generally law-abiding but get done for things like speeding, not paying a TV license in protest of RTE's internal mismanagement or because they never watch it etc. - ie: productive ordinary people who face up to their actions and engage.
Don't be fooled by the current high-profile Garda operation in Dublin either. As soon as the media moves onto other things, so too will "Business as usual" be restored.
In fairness the Gardai were probably there to prevent public order offences, not to mention lots of people having 1k in cash on their persons are likely to become a target for crime.
Or try and keep control of the stupid people who might kick off when they couldn't "access their money" ?
The difference is they were notified of what happened with the bank. I'm sure if they were notified before crimes took place they would do their best to be there on time
Ignorance is not a defense in law.
Plus, who the hell withdraws 1000 euro late at night?
Any judge would see straight through their BS.
Anyone with a small deposit that withdrew 1000 + should be laughed out of court
A certain percentage will get away with this but I really hope they get the majority back and I have zero sympathy for anyone who is penalised for this
So hundreds of Gardai are quick to come and protect Bank Of Ireland but yet are no where to be seen the rest of time when tourists are getting attacked and ordinary people being robbed. Shows the priorities in this rotten country.
And so be it- they will have a debt over them until they pay it off - the degree that impacts them Is likely to influence their level of engagement in the short term. HOWEVER, in the medium term, if they do not engage it may well be referred to the Gardai as a criminal matter- there are any amount of cases in Ireland where mistaken payments were made to people and the money spent-,a conviction and jail time followed- it won’t happen immediately but for those who won’t engage with the banks it’s an option
It’s the same. They’re using the ATM or transferring to revolut more money than they know they have access to. Same as taking a car they know isn’t theirs.
It’s not like they went to take out €20 but the ATM spit out a grand.
Theres no way anyone will believe that they just happened to need to use the ATM and just happened to request way more than they usually do and it just happened to work.
And even if all of that was true, they’re still liable for the amount. A banking issue doesn’t mean people are protected from their own actions.
People will just plead ignorance and say they had no idea of a glitch and just had to get out a few bob that night, the rest is all coincidence.
Thankfully that level of stupidity will be laughed out of court, then they'll still have to pay it back.
It’s a good point you make and the answer is probably not. I’d say we’ll eventually find out the average amount that was taken - transferring money out of your account when nothing is there is quite a specific transaction and may come with some restrictions- otherwise people could have transferred 10,000s if the other account was approved in advance - I don’t think that is the case though and I reckon the most anyone got to transfer is either 500 or 1000
Just on the whole thing of Welfare recipients now being out of pocket for weeks while their negative balance is cleared - unless things have changed, don't you still need to sign on/collect weekly from post offices?
I know that changed temporarily during Covid but is bank transfer now the norm? If not then anyone who did this last night will also just ignore any threatening letters they get from a bank they probably barely use anyway.
Oh probably not, I was just dispelling the commonly believed myth that DDs for utilities or phone bills etc affect you credit report.
They do in other countries, but not in Ireland.
The people who were stupid enough to queue up last night are not the type of people who worry about their credit rating.
getting access to the money is not the problem though....
the problem and the stupidity is when people acted and actually took the money they were incorrectly given access to..
It's akin to anyone who works at any cash till in any shop up and down the country... every time the cash drawer opens, they have access to the money... if they take it, then they are stupid, but if they don't take it, there is no problem.
That won’t wash.
If you take out far more than usual it will be flagged, and whatever about the banks issue, it’s still the persons responsibility to make sure they only take out what they have.
Opportunism is the wrong word, it’s theft.
If you see a car unlocked with the keys in it and you take it, you can’t blame person who left the keys there for your actions, you’ve still decided to take something you know isn’t yours.
Will BOI want that info made public? Their balance sheet will have to account for it though.
Carrot and stick not charging interest
If they did people would be more inclined to walk away from it
Yep I predicted that- I guess that’s based on them returning all the money within an agreed timeframe- that no penalty offer won’t relate to people who don’t engage and work with the bank on resolving their account
Imagine the black eyes on the idiots who thought this was “free” money.
Because many humans done the exact same thing doesn't mean it wasn't stupid. It's stupid to think you could take money you didn't actually have and that would be the end of it
I do hope BOI will get the money back and that those who took what they didn't have STFU when the money runs dry
Yes so see my question above now- just how much money was allowed to be transferred out of BOI and into revolute?
Ah right gotcha- so now the question is just how many transfers were they allowed to make to their revolute card?
Some of them will get to experience what it is like to work and be paid monthly. They better make it last and top up their electricity metres, batch cook the dinners, etc, cos they won’t be seeing a credit balance for another 4 weeks!
Unpaids on DDs do not affect your credit rating. It's only concerned with facilities of €500 or more from approved lenders/local authorities. That's it.
At the end of the day everyone who took advantage of the situation will have a fat -€1000 in their account, and punitive interest if it's not paid back.
They're only stealing from themselves.
EDIT: I see the bank will not charge interest on those who overdrafted.
"In a statement to The Journal, a BOI spokesperson confirmed that “there will be no customer detriment in relation to interest” for customers who withdrew more money than they had in their account without having an overdraft facility in place. "
That's just a BOI debit card limits. Some people used their Revolut card which has its own limits.
I worked for B of I back in the mid 80s in branch banking. Mistakes were made occasionally by cashiers - too much money given out etc. the systems were such, that even then everything could be traced one way or the other. When a card was used in an ATM the card number was recorded on a tally roll in the machine, as well as the account number and sort code and amount withdrawn. That's nearly 40 years ago now.
All that will happen now is that those who withdrew money they didn't have, will go into unauthorised overdraft, and anything that is credited to that account will just reduce the overdrawn balance and there is very little you can do about it. You could try transferring your payments to another account if you have one somewhere else, but that could take ages so good luck with that.
Funnily enough as someone else said, those who got the "free" money would be beating down the doors of the bank if there was an tenner taken out of their account by mistake. I'm no fan of B of I by the way - never did me too many favours.
Works both ways folks!
no, again, this happened around the world, and many humans done the exact same thing, i.e. they took the money, and had to deal with the consequences, as will be the case here, again, boi will get most of this money back, and more, they ll be fine.....
This will definitely happen yep. AT the very least, most people have a phone plan coming out. Unpaids on DD hit your credit rating also
There'll be a fair few scrotes who'll never interact with the bank again. But also some people who just got carried away in the excitement that spread through whatsapp groups last night and they'll realise they have to give every bit of it back to get their accounts and affairs back to normal. Probably a bit of regret in that cohort today
I'm assuming you're not talking about an Irish bank, because you're not allowed to access a customers credit report unless you have their permission AND they are applying for a credit facility. If the credit facility is more than €2,500 you must consult the CCR. You can't just check it opening a current account.
Also, the CCR doesn't provide a credit score, it provides 2 years worth of data on a monthly basis about the performance of loans, and info such as max arrears amount, max number of months past due going back over the whole history of the loan. It doesn't give you an A1 or an 8 or anything like it. It may tell you one particular loan was 8 payments past due, but that's the only way you will get an 8 out of it.
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