BOI having ATM network issues. Don't be left stuck this evening. - Mod note post #1

ya-ba-da-ba-doo · 07-12-2010 05:22PM

Absurdum wrote: »

I heard BoI collapsed and are keeping your money.

They can keep my -€50 :pac:

ch750536 · 07-12-2010 05:22PM

I remember when I stated the IMF & ECB would be bailing us out that some folk stated I should put my tin foil hat on and not talk us into a recession.

Like I'm in charge of anything or anything I say can impact anything.

ffs. Its the internet you know.

ch750536 · 07-12-2010 05:23PM

Monty Burnz wrote: »

The IMF money won't make a blind bit of difference if depositors take their money out of the banks en masse.

Sounds like a plan to me...

Monty Burnz · 07-12-2010 05:24PM

ch750536 wrote: »

I remember when I stated the IMF & ECB would be bailing us out that some folk stated I should put my tin foil hat on and not talk us into a recession.

Those were the nutter positivists who were a major cause of the bubble. I presume they are feeling pretty guilty now....not.

Red Alert · 07-12-2010 05:25PM

Should they put a redirect to the IMF I wonder on the web site?

Their IT seems very old and flakey, and this just doesn't fill me with confidence in their abilities.

ch750536 · 07-12-2010 05:26PM

The fact it is today of all days seems very odd to me. With King Eric leading the charge.

Monty Burnz · 07-12-2010 05:32PM

Red Alert wrote: »

Their IT seems very old and flakey, and this just doesn't fill me with confidence in their abilities.

That, and the fact that they bankrupted themselves.

marco_polo · 07-12-2010 05:33PM

Orando Broom wrote: »

Prove it isn't.

Eh thats not how the burden of proof thing usually works. Prove I'm not travelling on a pink unicorn.

JONJO THE MISER wrote: »

Aww yes it sure is easy to pull the wool over some people's eyes, like the people who said that the I.M.F could never come into Ireland and that it was a uninformed opionion to say so:rolleyes:, where are these people now?
The very same people who brought Houses in the boom and invested in property and voted F.F like fools, where are they now?
Wherever they are i bet there Not so smart now. Half the people in this country deserve everything they get because they thought they were smarter than everyone else.

Just making sure I am following your logic.

1) See no reason to believe it is anything other than a IT fault.
2) ???
3) FF supporter

dr.bollocko · 07-12-2010 05:38PM

Internationally reported as a fault with the IT.
Money there to capitalise and guarantee the banks.

ATMs are operating normally but with a restricted cash service for BoI cardholders, Bank of Ireland said, adding that some customers may be unable to conduct point-of-sale transactions but Bank of Ireland credit card transactions are unaffected.

http://www.siliconrepublic.com/business/item/19494-bank-of-ireland-computer/

More than 1.2 million Bank of Ireland customers are still experiencing difficulties withdrawing money by ATM, online and in branches.

The bank, which originally said the problem would be resolved at lunchtime, now says it is “hopeful” of getting it sorted out this evening.

A spokeswoman said the problem was caused by a mainframe computer problem which led to customers’ balances being unreadable. The fault has knocked out the bank’s internet and phone banking services.

Customers attempting to withdraw larger amounts of money from ATMs – up to €400 - have been told they have exceeded their daily limit, even in cases where they have not made a withdrawal. There is restricted access to smaller amounts of cash.

The spokeswoman said the problem was caused by an “unforeseen technical issue” which disrupted access to internet and phone banking. This meant that ATMs were working offline and did not have up-to-date information about current balances. As a result, the teller machines severely reduced the amount of cash dispensed to each customer.

“It’s definitely a technical issue, and has nothing to do with money,” she said.

The amount ATMs are currently dispensing varies according to the customer, she said. Only Bank of Ireland customers are affected.

http://www.irishtimes.com/newspaper/breaking/2010/1207/breaking35.html

Anyone any source at all which suggests that this is the beginning of the fall of the banks that is any way reputable?
Suggest a run on the banks all you want. Use your twitter or facebook or wherever. Just don't do so here as boards is not interested in allying itself in such a manner and furthermore not interested in spreading misinformation.
This is not a request for further input / discussion. This is a note to say that talk of promoting a run on the banks will not be entertained here.
PM For details.

jester77 · 07-12-2010 05:39PM

Instead of a karate kick, Cantona performed a drop db *

FreudianSlippers · 07-12-2010 05:40PM

ch750536 wrote: »

Sounds like a plan to me...

You do realise we'd still owe the IMF for that money and we'd just need to borrow more, right?

ch750536 · 07-12-2010 05:43PM

dr.bollocko wrote: »

Internationally reported as a fault with the IT.
Money there to capitalise and guarantee the banks.

http://www.siliconrepublic.com/business/item/19494-bank-of-ireland-computer/

http://www.irishtimes.com/newspaper/breaking/2010/1207/breaking35.html

Anyone any source at all which suggests that this is the beginning of the fall of the banks that is any way reputable?
Suggest a run on the banks all you want. Use your twitter or facebook or wherever. Just don't do so here as boards is not interested in allying itself in such a manner and furthermore not interested in spreading misinformation.
This is not a request for further input / discussion. This is a note to say that talk of promoting a run on the banks will not be entertained here.
PM For details.

dr.bollocko wrote: »

GET YOUR MONEY OUT NNAAAOOW!
ITS ALL COMING DOWN AROUND US!!!

Ban thyself Banster!

infamous · 07-12-2010 05:43PM

Dr Bollocko, you are so full of your own self importance. Maybe it is a bank run maybe it isnt but this is a discussion forum and people are supposed to be allowed express their opinions. You have come up with solid info that it is totally a technical issue someone else maybe able to refute this evidence with their info-this is the way discussion forums work or should work it is not a dictatorship. We all know that a bank run would have disasterous affects but by closing your eyes to the possibility of one wont make it go away.

ch750536 · 07-12-2010 05:44PM

OisinT wrote: »

You do realise we'd still owe the IMF for that money and we'd just need to borrow more, right?

But after the hooker pays the hotel I get my cash back right?

ch750536 · 07-12-2010 05:48PM

On a serious note I have worked for many banks, writing very specific software on a per client basis, albeit in the UK so slightly different. I would have something like this happening without a co-ordinated attack or solar flare or something as incredibly low chance of occurrence.

Name the last time this happened?
Name the last time there was a proposed run on the banks by a worldwide known person?

Coincidence? My opinion, not very likely.

dr.bollocko · 07-12-2010 05:48PM

infamous wrote: »

Dr Bollocko, you are so full of your own self importance. Maybe it is a bank run maybe it isnt but this is a discussion forum and people are supposed to be allowed express their opinions. You have come up with solid info that it is totally a technical issue someone else maybe able to refute this evidence with their info-this is the way discussion forums work or should work it is not a dictatorship. We all know that a bank run would have disasterous affects but by closing your eyes to the possibility of one wont make it go away.

I can see you're angry. But the point is this. Through numerous searches of all news sites available to me there has been no indication anywhere that this is anything other than an IT Fault. I recognise that there is an interesting overlap between Mr. Cantona's calls for a bank run and this IT fault. However in the absence of any evidence from reputable sources to back it up this is nothing but rabble rousing of the sort we've tried to avoid spilling over onto boards. Conspiracy theories are for the relevant forum.

misterdeeds · 07-12-2010 05:49PM

Monty Burnz wrote: »

I'm hearing that AIB cards will still work in BOI machines.

but A I B have no money !

Monty Burnz · 07-12-2010 05:49PM

dr.bollocko wrote: »

This is not a request for further input / discussion. This is a note to say that talk of promoting a run on the banks will not be entertained here.
PM For details.

I'm not promoting a run on the banks. I will note however that there has been an ongoing draining away of commercial deposits in Irish banks this year.

The outflow of funds from Irish banks has been so great that AIB has admitted to suffering €13bn of outflows this year, 15% of its deposit base, while Bank of Ireland has lost around 12% its depositors.
Cash outflows have accelerated in recent days. The withdrawals are largely caused by companies that are withdrawing funds as a result of a cut to the banks' credit ratings.

http://www.guardian.co.uk/business/2010/nov/28/irish-bailout-includes-immediate-10bn

Monty Burnz · 07-12-2010 05:50PM

dr.bollocko wrote: »

I can see you're angry. But the point is this. Through numerous searches of all news sites available to me there has been no indication anywhere that this is anything other than an IT Fault.

It almost certainly is an IT fault. But if it wasn't, what would you expect them to say to buy time? People have been lied to so much by the banks and the government that they would be fools to swallow anything they are told now.

ch750536 · 07-12-2010 05:51PM

dr.bollocko wrote: »

I can see you're angry. But the point is this. Through numerous searches of all news sites available to me there has been no indication anywhere that this is anything other than an IT Fault. I recognise that there is an interesting overlap between Mr. Cantona's calls for a bank run and this IT fault. However in the absence of any evidence from reputable sources to back it up this is nothing but rabble rousing of the sort we've tried to avoid spilling over onto boards. Conspiracy theories are for the relevant forum.

Do you seriously believe for one minute that the banks would make a statement reading

'Today we decided to withold all cash just in case what Mr Cantona said had any impact at all'

C'mon. Its not like there have been no examples of banks not telling the truth lately.

FreudianSlippers · 07-12-2010 05:52PM

ch750536 wrote: »

But after the hooker pays the hotel I get my cash back right?

nope.

FreudianSlippers · 07-12-2010 05:53PM

Monty Burnz wrote: »

It almost certainly is an IT fault. But if it wasn't, what would you expect them to say to buy time? People have been lied to so much by the banks and the government that they would be fools to swallow anything they are told now.

If they were gone under, employees would have been turned away at the doors this morning and the banks would be closed.

Think about it!

Cavehill Red · 07-12-2010 05:54PM

Big coincidence that they suffer an unprecedented IT breakdown, including all support systems and online, on the very day of the international bank run campaign.

A pal of mine used to work in the ATM IT system for another Irish bank. It's highly unusual for every single system to go down at once. One might say, almost unbelievably unusual.

I do hope they're not lying and can resolve their IT difficulty ASAP.

dr.bollocko · 07-12-2010 05:54PM

ch750536 wrote: »

Do you seriously believe for one minute that the banks would make a statement reading

'Today we decided to withold all cash just in case what Mr Cantona said had any impact at all'

C'mon. Its not like there have been no examples of banks not telling the truth lately.

I know.
However suggesting the bank is doomed or going to fail and to run there now and withdraw all your money right now, as some posters have, is unnecessarily reactionary and crosses the line to conspiracy stuff which is simply unfounded.

ch750536 · 07-12-2010 05:56PM

OisinT wrote: »

If they were gone under, employees would have been turned away at the doors this morning and the banks would be closed.

Think about it!

Na, not what we are saying, were stating that the cost of cash on a day like today is too great for them, to hold liquid assets. They lose money on cash held physically.

Also note the loss of commercial cash, all you would need is for King Eric to have an impact on 5% of deposits to force the banks into a situation where they have run out of cash, this can start a run very easily.

Monty Burnz · 07-12-2010 05:56PM

dr.bollocko wrote: »

I know.
However suggesting the bank is doomed or going to fail and to run there now and withdraw all your money right now, as some posters have, is unnecessarily reactionary and crosses the line to conspiracy stuff which is simply unfounded.

Dead right. If you are taking out your money when everyone is fearing a bank run, then it's already too late.

marco_polo · 07-12-2010 05:57PM

http://www.google.com/hostednews/afp/article/ALeqM5ggm04Pk0OTEuVRWL1m0rRZJh_XTA?docId=CNG.14a4e293d01a51c1733429bdd67c8378.d31

Still not sure how millions of French people not withdrawing their money from their banks could have had a critical impact on BOI.

ch750536 · 07-12-2010 05:58PM

marco_polo wrote: »

http://www.google.com/hostednews/afp/article/ALeqM5ggm04Pk0OTEuVRWL1m0rRZJh_XTA?docId=CNG.14a4e293d01a51c1733429bdd67c8378.d31

Still not sure how millions of French people not withdrawing their money from their banks could have had a critical impact on BOI.

Because that is in hindsight. If people were following his words it is too late, they needed to act before it was too late.

Cavehill Red · 07-12-2010 06:00PM

marco_polo wrote: »

http://www.google.com/hostednews/afp/article/ALeqM5ggm04Pk0OTEuVRWL1m0rRZJh_XTA?docId=CNG.14a4e293d01a51c1733429bdd67c8378.d31

Still not sure how millions of French people not withdrawing their money from their banks could have had a critical impact on BOI.

True. What I find interesting about that report is the fact that the banks issued denials. They're hardly going to say, yeah, we're losing deposits. People should stop.

If there was a bank run, you're not going to hear about it on the news until it's too late.

dr.bollocko · 07-12-2010 06:01PM

marco_polo wrote: »

http://www.google.com/hostednews/afp/article/ALeqM5ggm04Pk0OTEuVRWL1m0rRZJh_XTA?docId=CNG.14a4e293d01a51c1733429bdd67c8378.d31

Still not sure how millions of French people not withdrawing their money from their banks could have had a critical impact on BOI.

Higher proportion of Manchester Utd. fans?

BOI having ATM network issues. Don't be left stuck this evening. - Mod note post #1

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