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Don't any solicitors bank with Natwest?
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Im still waiting for your considered professional opinion and alternative explanation.
It's a bit daft to speculate without any information whatsoever. However, I agree with you that they should have a catastrophe recovery system in place, so it's decidedly fishy. I bank with NW and it is starting to get a bit worrying, but I think it is much more likely to be a technical hitch than a banking failure. If it were the latter, they wouldn't be walking bits of paper round to enable house purchases to take place. Just what the technical failure might be, I haven't a clue.No reliance should be placed on the above! Absolutely none, do you hear?0 -
It's a bit daft to speculate without any information whatsoever. However, I agree with you that they should have a catastrophe recovery system in place, so it's decidedly fishy. I bank with NW and it is starting to get a bit worrying, but I think it is much more likely to be a technical hitch than a banking failure. If it were the latter, they wouldn't be walking bits of paper round to enable house purchases to take place. Just what the technical failure might be, I haven't a clue.
I'm very concerned and I don't bank with NW. The day after payday this month will see nothing more in my account than what is necessary to cover the household bills. You can make of that what you will.Debt Free! Long road, but we did it
Meet my best friend : YNAB (you need a budget)
My other best friend is a filofax.
Do or do not, there is no try....Yoda.
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Outsourced to India after RBS group sacked most of their IT workers in 2010.Where the hell were the backups, the failover, the bloody IT department?
The problem has been attributed to a maintenance patch going wrong and corrupting the system. But what company applies patches midweek, rather than at the weekend, and doesn't have backups that can be brought online within minutes? All smells very fishy to me.poppy100 -
Two such stories being reported in the Telegraph today:Given the computer issues at Natwest, I was expecting a whole raft of posts "My house purchase/sale has not completed because my solicitor banks with Natwest", but nary a one.Lance King, 34, from Whiteley, Hants, and his family, were left homeless after the problems at NatWest caused their house purchase to fall through.
He and wife Gemma, who have two daughters aged one and five, had sold their previous property, but could not move into their new one because the money for the sale had failed to appear.
First-time buyers Mike Johnson and his wife, Laura, who is 20 weeks pregnant, were thrown out of the house they thought they had bought on Thursday evening because the mortgage payment did not go through from their solicitor’s NatWest account.
“The sales rep turned up that evening and asked us to leave until she could be sure the money was coming,” he said.poppy100 -
Outsourced to India after RBS group sacked most of their IT workers in 2010.
The problem has been attributed to a maintenance patch going wrong and corrupting the system. But what company applies patches midweek, rather than at the weekend, and doesn't have backups that can be brought online within minutes? All smells very fishy to me.
Expanding upon this, the chatter across the net (including some forums on the sub continent) It would appear an inexperienced Bob (slang for Indian IT worker) ran an update patch on the live server in error before testing it on a parallel backup. They were able to recover the situation to where it was (the following day) but this of course missed all the credits/debits which would have occurred overnight.
The remainder of the issues were trying to get it all to catch up whilst keeping the server live which they had to do during normal banking hours (remember in the week there are banks open around the globe and the clock the Nat West systems will be entwined with)
I note last night they took everything down about 22.00hrs and it stayed down till around 10.00 this morning, no one could access online banking at all.
When it came back at some point around 10 this morning everything was up to date and (it appears) working as it should. I suspect they needed the server down time to get everything hunky dory but couldn't schedule this till Sat Ni/Sun Morn when they traditionally catch these things up..
The answers are out there Google is your friend....
Either this or the Government plans to steal all your money takes your choice!!
Here's another theory for you..... The banknotes are but an illusion, the numbers on the screen neither here nor there. If you want absolute safety take it all out and stuff it in your mattress....0 -
Two such stories being reported in the Telegraph today:
“The sales rep turned up that evening and asked us to leave until she could be sure the money was coming,”
So, they just upped and left? They should have got some advice.No reliance should be placed on the above! Absolutely none, do you hear?0 -
I moved into my new (rented) flat yesterday, and was asked to bring my deposit in cash so that it would definitely be cleared funds as they were with Natwest.Murphy's No More Pies Club #209
Total debt [STRIKE]£4578.27[/STRIKE] £0.00 :j
100% paid off :j
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Either this or the Government plans to steal all your money takes your choice!!
Here's another theory for you..... The banknotes are but an illusion, the numbers on the screen neither here nor there. If you want absolute safety take it all out and stuff it in your mattress....
the government doesn't need to resort to subterfuge in order to steal money, they do it quite openly...witness the pensions tax grab and any number of other wheezes. They might however need at some point to control the movement of money. Banknotes are worthless pieces of paper, just like the BOE's 'guarantee' of up to £85K per account. It's ok to guarantee one or a few thousand people...try doing the same when you're guaranteeing millions of accounts. Unfortunately, banks arnt run like Vegas, they don't actually have to have money to back up the tokens in play. All banking is illusion. It's only a bank as long as the weasle doesn't pop, so round and round she goes, where she'll stop nobody knows....Debt Free! Long road, but we did it
Meet my best friend : YNAB (you need a budget)
My other best friend is a filofax.
Do or do not, there is no try....Yoda.
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