Dutch ING Bank Suffers "Technical Glitch", Clients Report Negative Balances

Tyler Durden's picture

UPDATE: Another Dutch bank - Rabobank - is apparently having 'technical' issues now

Following yesterday's discussion of the brink-like nature of the Dutch economy (and banking system), it is perhaps just a coincidence that ING is suffering from a major failure in its Internet Banking. It is unclear how many customers are affected but judging by the scale of responses on Twitter (#ING) it is widespread. Some customers are reporting overdrafts, and incorrect balances; and are reporting cards not working at supermarkets. We are sure this will just bolster confidence in uninsured depositors at the bank - especially since, as Ad.nl reports, no one at ING was reachable for comment.


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McMolotov's picture

Glitchez, bitchez.

Lost Wages's picture

All these little banking glitches all over the world are just test runs for a false flag "cyberattack." They also come in handy when a bank just needs a few seconds to a few days of breathing room, so their depositors can't spend or withdraw their money while the Illuminati get it all sorted out. Not an official bank holiday, but a bank holiday nonetheless.

McMolotov's picture

A) Incite bank runs to flush savings out into the economy and cause some chaos

B) Call for "electronic currency" to replace hard currency to prevent future bank runs

C) Fake a few cyber attacks to justify clamping down on the internet to protect electronic currency

D) Fuck us all up the ass

Pladizow's picture


Ghordius's picture

the rumour I heard was that it's a genuine cyberattack - not clear if it's an anarchist cell or something bigger

McMolotov's picture

I blame Iran and/or North Korea...

Dark_Horse's picture


Anonymous has stuck paydirt!


Ghordius's picture

imagine a geek at his notebook drilling into a bank and suddently all this digital fiat flows and flows and flows...

TwoShortPlanks's picture

This Cyprus thingy is really catching on.

pods's picture

You could work for the ministry of truth!


glenlloyd's picture

more like the ministry of magic....

Ghordius's picture

according to the thread's logic I'm willing to serve as Global Minister for War

BTFDemocracy's picture

I'll take the position as Global Minister for Peace

smlbizman's picture

i think you spelled it wrong.....it should be robabank....not  rabobank

Acet's picture

Oh, the spelling is Rabobank alright.

Always found it funny when I lived in Holland that in Portuguese the name of that bank means ButtBank

Debtman And Robbin's picture

A rumor? Where did you hear that?

I hope the hackers completely destroy the ING database (and backups).

Then I could rename my avatar to Debtfree Man and Robbin...

Ok, it won't happen. But at least I'd have a reason to get even more booze. 


USisCorrupt's picture

There has been many same occurrences happening lately. They are just beta testing until the big one comes. It is being assisted by one of the Central Banks, their access has been just to easy.

xtop23's picture

Dutch ING is prepp ING to give their depositors an ass-fuck ING is what I'm think ING

pemdas's picture

Banks are getting sneaky. This time they took the money BEFORE the announcement.

AlaricBalth's picture

I guess ING shouldn't have announced another round of job cuts. IT people can get very temperamental.

Dutch banking and insurance group ING has announced a further 2,400 job cuts as it prepares to split its banking and insurance operations.


Acet's picture

It's hitting Rabobank and Abn-Amro too now.

I can confirm first-hand that Abn-Amro's Mobile Banking service isn't working at the moment, although I just checked and their Internet Banking is working.

Dewey Cheatum Howe's picture

More like into bitcoin considering how fast the valuation is climbing.

Urban Redneck's picture

No it's not a false flag, someone in IT just mis-read the memo that the "bank holiday" code tests were not supposed to be tested or deployed on production servers (yet)...

DoChenRollingBearing's picture

$500 more comes out of the ATM today...

DeadFred's picture

Old news. The glitches are from by a discontinuity in time/space caused by the extreme concentration of darkness in the major banks. It makes the computers occasionally report what the balances WILL BE in the future after the Ponzi ends instead of what they are today. Just move the servers away from the vortex of evil and the problem will be solved

Frank N. Beans's picture


must arrest banksters now before this actually happens

oh wait

earleflorida's picture

anyone, and i mean anyone under the troiks's mou ammendment... herein, writ this day of our overlord, shall be wholly considered a motherfucking- tax'cheating- money laundering 'pigwhore' oligarch cheat... with any-and-all non-perishable funds exceeding 101k euro's!!!

BennyBoy's picture

Practice makes perfect.

aleph0's picture

It's normal in System Testing ... but you're supposed to use the "Test Data".



AGuy's picture


Or perphaps another Deposit tax!

In Russia, you put money into the bank for deposit. In Holland, you pay to have your money stolen in the bank!


SheepDog-One's picture

Seems to be a lot of this going around lately...my opinion is these banks are taking all customers accounts, front running inside info for a couple hours then putting the money back and keeping the piracy profits.

McMolotov's picture

In other words, they're doing God's Work™.

Buckaroo Banzai's picture

What if you stole your customers' money for 24 hours and put it in bitcoins? And called it a "temporary glitch"? Then cashed out the bitcoins and returned the money? Hmmmmmmmmmm.

CommunityStandard's picture

The money was stolen for prop trades plenty of times before - why even bother showing the negative balances?  Everything is fine, your money is safe, move along now...

Papasmurf's picture

What!  Don't be silly. They have accounting standards to meet.

Matt's picture

MtGox froze up, so they couldn't cash out of bitcoin fast enough. oops.

SheepDog-One's picture

Yea I guess they can do whatever they want and just call it a 'glitch' and no one is supposed to be worried at all that all your money can just vanish from a screen 1 day, and everyone is supposed to just trust it and go about their business with no worries? I'd think this would scare the shit out of any person with any senses.

DeadFred's picture

Anyone with any sense is too busy reading Zerohedge to worry, and besides they don't have significant funds in a zombie bank anyway.

klockwerks's picture

That is probably very true.

PoorMan429's picture

That is exactly what banks do every day. Didnt you ever wonder why you get credits, or fees waived, or points for doing things like bill payments through your bank, or direct deposit? There is a time for check clearing, transaction fullfillment, and other times when the money is neither in your account, or the person/entity you are making a payment to. The banks use this time/money for profiting. Its BAU in banking.

TeamDepends's picture

Are they still paying 2% interest?

Sancho Ponzi's picture

Manager to ING programmer:

"Damn it, you were supposed to run your new 'fleece the sheeple' program in the sandbox environment, not production!"

Google translate: "Verdomme, je zou je nieuwe 'fleece het sheeple' programma in de sandbox-omgeving, niet de productie run"

DoneThis2Long's picture

You forgot the "loop ~" argument!

Acet's picture

By the way, in software development circles in Holland they would say zandbox rather than sandbox. Which is kinda weird 'cause although "sand" is "zand" in Dutch, "box" is actually "doos".

Better translation would be: "Verdomme, je zou je nieuwe 'fleece de sheeple' programma in de zandbox-omgeving moeten draien, niet in productie"

Stares straight ahead's picture

Does a negative ROI on a negative savings translate to a positive cash flow?

Melin's picture

It looks to me like Kitco's charts are saying gold and silver have stopped trading, no?

FoeHammer's picture

I see RED from spot gold



Clamping down on the paper price


FoeHammer's picture

Hmmm 11:50AM ET is just about the time that large selloff started. Well, isn't that a fine how-do-ya-do!