Who's weekend did Natwest ruin?

Not that it will help any of you now, but keeping two bank accounts is a good idea. I keep some money in a seperate bank and account with a cash card just in case something happens with one of them.
 
i have to say, i think id leave, not with natwest, have no idea who the uni uses to pay wages!
 
Almost did me...should have got paid and it only went through today and am out tonight for my birthday :) would have been well anoyed if it hadnt gone in by now
 
The comments on this Register article give some insight, with a few of the hacked off employees were part of the 900 who lost their jobs to outsourcing commenting on what they've heard from those inside:

http://forums.theregister.co.uk/forum/2/2012/06/22/rbs_natwest_outage_fourth_day/

Seems that the batch scheduling system was upgraded and they managed to lose the whole schedule. So everthing's queued up, but nothing's been processed since Tuesday.
 
RomanNose said:
No it's like saying that similar events happen all the time and I am not going to panic over something untrue.
Click to expand...

No-one is asking you to panic. Just be prepared. Personally, it's no skin of my nose if you live your life with your eyes closed oblivious to any danger until its been "proven" its right in front of you.

If you ignore the warning signs. Which are blatantly abundant. More fool you.
 
Rent was due yesterday, luckily I had the foresight to let the letting agent and the landlord know. Landlord is already upset as he banks with Natwest too.
 
XeNoN89 said:
I wasn't planning on going out this weekend so i'm ok there, only problem is i have direct debits etc, and if my money doesn't go through soon i will soon be way over my overdraft limit.
Click to expand...

I wouldn't worry about that, no way they would charge you any fines for going over considering it's their fault.
 
Here's a question for you. What do you think is going to happen once people get access to their accounts again? Start withdrawing most of their cash in case it happens again.

If enough customers do this, it could cause a run on the bank, and leave it insolvent, especially since it now has to pay considerably more interest on its debts given it has been downgraded.

Whilst it may not be insolvent now, once accounts come back online, it could very well find itself in that position.

I'm just throwing this suggestion into the pot. I'm not saying this is going to happen, but the probability of it happening certainly exists.

I'm not a tin foil hat, I'm just aware of risks. And for those who say they want proof before they act. Darwin has a principle about that.
 
oliseo said:
Here's a question for you. What do you think is going to happen once people get access to their accounts again? Start withdrawing most of their cash in case it happens again.

If enough customers do this, it could cause a run on the bank, and leave it insolvent, especially since it now has to pay considerably more interest on its debts given it has been downgraded.

Whilst it may not be insolvent now, once accounts come back online, it could very well find itself in that position.

I'm just throwing this suggestion into the pot. I'm not saying this is going to happen, but the probability of it happening certainly exists.

I'm not a tin foil hat, I'm just aware of risks. And for those who say they want proof before they act. Darwin has a principle about that.
Click to expand...

Do be quiet. Inciting panic can cause a run on a bank even if they are perfectly solvent.

This looks to be a technical issue (one that is quite interesting to read about) not a conspiracy.
 
Everyone who I am facebook friends with that has a natwest account is moaning about this and saying they have no lost a customer.

Once they have access to their money again, I wonder how many will actually switch?

None, I bet.
 
Hmmm .... just check my online banking. The summary seems to show my salary going in on Wednesday fine and that is reflected in the available balance. Won't let me see a full statement to check fully what is going on though.

I could get by for a couple of weeks with the cash I have (I don't spend that much) it's wether the direct debits come out ok (e.g. mortgage)
 
FYI folks - Other banks have issued instructions internally that to be sympathetic to customers and extend facilities/remove charges etc where appropriate due to NatWest knock on effects.
 
Op - Ignore them :) Everyone deserves a little treat once in a while. £200 ain't a great deal to spend on yourself over the space of a month, especially if you actually graft for a living.

Been there myself. It's ****.

As for me...no. Don't bank with Natwest, plus I withdraw all my cash. Safer under the mattress :p
 
'Harry said:
Op - Ignore them :) Everyone deserves a little treat once in a while. £200 ain't a great deal to spend on yourself over the space of a month, especially if you actually graft for a living.

Been there myself. It's ****.
Click to expand...

That attitude is exactly the reason why he doesn't have any savings.

By all means treat yourself, but don't go complaining that it's anyone's fault but your own when you don't have a buffer in the case of unforeseen issues.
 
You must log in or register to reply here.
Back
Top Bottom