A massive technology break-down with Bank of Ireland’s systems has allowed customers who have no money in their accounts to get access to funds.
    • • milan •@feddit.nlEnglish
      51·
      2 年前

      Sadly the transfers will still be applied and this blunder will only result in tons of people being hit with overdraft fees.

      • tal@kbin.social
        3·
        2 年前

        Hmm. The article doesn’t actually say that they’ll get an overdraft fee, just that it will be treated as overdrawn. Like, negative balance.

        I’m not sure that there will actually be a fee.

        While if someone took out exactly as much as they could, I suspect that it’s probably pretty fair to say that it was intentional, my guess is that some people probably just went over inadvertently. I doubt that they’d want to hit the inadvertent crowd.

        They might charge interest if they give notice and people don’t pay it back or something, though. I could believe that.

        goes looking

        Yeah:

        https://www.thejournal.ie/bank-of-ireland-glitch-6143834-Aug2023/

        BANK OF IRELAND has said there will be “no customer detriment in relation to interest” for those who withdrew money from their accounts following a glitch with BOI’s online services.

        When asked if customers who withdrew money they didn’t have from their accounts would be subject to interest rates or unauthorised overdraft fees, a BOI spokesperson said: “There will be no customer detriment in relation to interest in that scenario.”