Natwest Technical Issues

huckster

scattykat wrote: »

My Sky dd is due out today, bet I get cut off and I have phone, Internet and tv with them

No you won't, as normally most sensible major companies will have flagged this issue with their accounts staff, so for all RBS banking group DD payers, they will expect either delayed payment or them having to resubmit the debits.

The people that might have problems, are those that pay their DD's through another bank, but are still affected by this problem.

spike7451

scattykat wrote: »

My Sky dd is due out today, bet I get cut off and I have phone, Internet and tv with them

I'm the same with my 02 broadband..it was due to have been paid on Tuesday but wasn't,got a text today saying I need to pay or it'll be turned off.

misscljones1989

theres just loads of money somewhere in cyber space! no one really has a clue where! Quite scary really, i just want them to ell me they acknowlede the money because at the moment they can't even tell me that! 25,000 is a hell ofa lot of money to be lost amongst computers!!! Im not a happy bunny!!!!

scattykat

huckster wrote: »

No you won't, as normally most sensible major companies will have flagged this issue with their accounts staff, so for all RBS banking group DD payers, they will expect either delayed payment or them having to resubmit the debits.

The people that might have problems, are those that pay their DD's through another bank, but are still affected by this problem.

Hope your right or I'm back in the dark ages :rotfl:

nigey74

transient wrote: »

Without appearing nosey how much did you have in there? Did they give you that money on the strength of regular payment in

I have +75 notes in at the mo and Ive asked for another 150 to geek me going till monday as Im on the lash this weekend

i always get paid the same'ish amount every 22nd so maybe they just trust me, i have been there years

but they can look at an internal bacs auudit which shows the payments due to appear in my account (i think) They will no somehwere what needs to go into peoples accounts (they will start running those batches tonight and it will all eventually catch up, as cant do it during day apprantaley) So I may wake up and its in their tomorrow

misscljones1989

sharpy2010 wrote: »

Bang goes Natwest bank, I reckon they'll announce theyve gone bust within a few days.

What makes you think that? And secondly, if tht does happen what happens to our missing money!?

premiere

I just called Natwest and they 'assured' me that the issue is solved and my BACS payment that was expected in overnight will be in by Monday (We'll see).

They also confirmed that the underlying issue is resolved and now it's just a waiting game as they clear the backlog.

Unfortunately for some, it's not as simple as a 'waiting game'

They did say that I could withdraw cash from the branch.

sharpy2010

Actually, the banks just create money, so this may not result in them going bust. If you havent watched it, watch http://www.youtube.com/watch?v=Zx0vrR2BFp8&feature=related

This is an example of how fractional reserve banking works. Banks literally create money out of thin air.

sharpy2010

misscljones1989 wrote: »

What makes you think that? And secondly, if tht does happen what happens to our missing money!?

Just disappears, never to be seen again. In fact, it never existed in the first place anyway. Difficult to understand, but explained simply here: http://www.youtube.com/watch?v=Zx0vrR2BFp8&feature=related

huckster

misscljones1989 wrote: »

theres just loads of money somewhere in cyber space! no one really has a clue where! Quite scary really, i just want them to ell me they acknowlede the money because at the moment they can't even tell me that! 25,000 is a hell ofa lot of money to be lost amongst computers!!! Im not a happy bunny!!!!

Well you are due 8% interest for the no. of days delayed, plus relevant compensation. Start working out what you may be due and get ready to submit your complaint quickly. There will be a few million others doing the same, so get in first.