Large queues at Bank of Ireland ATMs this evening.
Threadbans
0ph0rce0
Sure the whole online system wasn’t working, i couldn’t transfer anything to anywhere.
And I doubt they have the money management skills to ration their “free” money until it’s paid back
Well, if you deliberately take money you've no rights to have, without any permission, it will be seen as theft or fraud and there have been cases where people have gone to prison over similar abuse of an error.
I'm no fan of the banks, but it's utter nonsense to assume that you can or should hang onto this money.
Are you sure? Revolut wouldn’t accept being out of pocket if the account holder decided never to use that revolut account again.
Well, they wanted to get rid of their customer-centric branch network (their strength) so that they could focus on online service (their weakness).
It's a masterful strategy !
BOI took over on a core banking transformation many years ago. They have burned billions on what is turned into a failure. In the second article below both people mentioned have been let go, the person brought in by the bank to run the project from Aus was let go.
The companies involved are listed below but the 500m project was nearly 3bn at last count. If you google how much Bank of Ireland has given to Accenture over the last 10 years the numbers are eye watering.
Yestedays error is just a long long running list of issues with BOI over the years. All while ploughing money and more money into Accenture. Then to save money BOI outsourced their procurement department to......answers on a postcard
So their procurement department who is supposed to drive value for money is not responsible for awarding contracts to it's big supplier. Only in Ireland
By the way, CBOI stood by and watched all this happen. Again asleep at the wheel.
https://www.fintechfutures.com/2016/10/accenture-and-capgemini-to-work-on-bank-of-irelands-tech-revamp/
https://www.fintechfutures.com/2021/05/bank-of-ireland-coo-inside-every-bank-theres-a-tech-company/
Bank isn't “withholding” anything.
Oh I didn’t realise that they could do a chargeback.
They chargeback the transfer and your revolut is now in debt.
BOI's online presence has been a mess from day 1. Their mobile and desktop offerings have always been buggy.
It's good to see new FinTech banks taking business from traditional banks. It's the only way they'll change.
I think those who stole money from BOI last night have done them a great favour. This is the story today.
The story really should be how many people BOI have let down over the last day or two. A quick stroll through TalktoBOI on X/Twitter shows complaints about people not being able to pay their staff wages, people unable to top up their electricity or pay their bills on time etc.
If you have a revolut account you had no need to physically go to an atm to withdraw money. You just request, via revolut, funds to be taken from your BOI card and put into your revolut account.
So you could be from anywhere in the world and at some stage were in Ireland using Bank of Ireland. You have the digital card details saved to your revolut (or similar) account and you’re no longer in Ireland. You find out about this glitch yesterday and try and transfer money over and it works.
How do BOI find you?
They will have got rid of customers who will only be trouble anyway.
! What are you on about ?
Just to be clear, the Garda are trying to stop people who are "stupid as f*ck" queuing up at an ATM withdrawing €1,000 and then walking home with €1,000 in their pocket.
If ever there was a target to mug.... fish in a barrel 🙄
I'd say a heap of people were mugged on their way home yesterday.
They weren't protecting ATM's they were protecting people 🤦♂️
Criticising idiots who thought they could get "free money" does not excuse bankers for their myriad of sins. Two things can both be true at the same time
Savings as opposed to withdrawing money you don't have and have not the approval for overdraft
What part of their engineering degree dealt with money management and banking?
The second basic law of human stupidity covers that. https://bonpote.com/en/the-5-basic-laws-of-human-stupidity/
Oh yeah, how will they ever find someone with a bank card linked to their address taking money from an ATM with a camera pointing directly at their faces as they do so. Jeez
People lose their minds when it comes to "their" money. Fear and greed get the better of them. Those two might be decent engineers in their field but lack sense and critical thinking and be dangerously ignorant when it comes to personal finance, banking etc.
"Suits" - what age are you? 12?
Go to a funeral, abuse the mourners for wearing suits and see how far you get.
It's clearly obvious from earlier posts that people are judging those who withdrew funds based on their looks.
You can be an intelligent engineer and still be a waster. It's not mutually exclusive.
Some people are classed as intelligent because they have a degree and a well paying job. Some of these people are also the most incompetent people you would ever see. Intelligent in a certain area devoid of intelligence in other areas.
This scenario suggested that there is a lack of critical thinking applied to how this might play out for them. Would their employer be happy if they found out- doubt it. Is the risk worth the reward - I very much doubt it. Seems like they have a lot to lose.
And that kids is how your father lost his job. I expect a few of the larger withdrawals will before the courts.
No politician is going to hitch their horse to this cart.
Speaking up for people who knowingly took money out of an ATM they didn't have and are crying poor mouth when their social welfare goes to pay it back would be electoral suicide bar every vote you get is from a complete knacker in a complete knacker hole.
There's enough decent people in every constituency to make you regret it. Its not a good look for even the biggest skank of a TD, all it'd do is alienate the (allegedly) decent people who might even give you a preference #2 or #3 - very few TD's get over the line on the first count and rely on these transfers.
I don't see it happening. Mind you, personal responsibility is anathema for many in the opposition benches these days.......
When you open a bank account they need proof of address and some even require your pps number. They need proof of identity from passport, drivers license or something else that has photograph. It's not instant and can take a week to complete after they do checks. You can do it online but if you don't have the required docs for the online application then you have to make an appointment, again that can take a week.
Changing your social welfare payment also requires forms to be filled and sent in. That takes time and I can only guess an emergency change would be change of address through eviction and that will probably need some type of signed documents from the council or housing authority to say you are on the list for emergency housing.
I'd say other banks will be checking any new applicants to see if they are ex BOI becuase they won't want someone who just left an account in the red.
RTE have said no interest rate will be put on the acoounts or fees but it was said that this can affect further credit ratings for loans etc.
Intellect doesn't always guarantee wisdom.
Well, you know intelligence is very subjective. I've worked in a professional capacity with some "intelligent "people who I wonder if they even passed the Junior Cert.
I would call them 2 Engineers wasters being honest. They obviously lack intelligence if they thought it was a free money windfall.
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