This is Why You Need Your Money Out of the Bank: Freeze Outs, Glitches and Holds Increasingly Locking Customers Out of Funds
Mac Slavo
March 27th, 2015
SHTFplan.com
If ever you needed a better motivation to get your funds out of the bank, this is a clear sign that a digital clampdown is coming.
There are increasing examples of technology failures and stricter bank policies that are keep people from getting their money.
And they are happening all across the globe.
Ulster Bank in Ireland just made news after customers were locked out of their accounts by a glitch that disabled access to wage money:
Following a number of complaints from those expecting their weekly and monthly salaries to post, the bank apologised on Twitter for the glitch.
“We’re aware that a number of customers are experiencing delays in receiving credits this morning, our tech team are working on this at the moment,” the bank’s customer care account, @UlsterBank_Help tweeted.
Supposedly the problem is minor, short term and only happening at the one local branch. The bank has apologized for difficulties.
Unfortunately, the larger picture makes clear that this will happen again somewhere, and it could happen to many more people.
Even routine maintenance and website updates can be enough to block customers out of their accounts, often without even giving advanced notice; many credit unions, while offering a better choice, likely hold most of the same policies.
The Rest…HERE
