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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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Wed, 04/03/2013 - 11:44 | 3403549 McMolotov
McMolotov's picture

Glitchez, bitchez.

Wed, 04/03/2013 - 11:47 | 3403566 Lost Wages
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.

Wed, 04/03/2013 - 11:55 | 3403609 McMolotov
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

Wed, 04/03/2013 - 11:57 | 3403613 Pladizow
Pladizow's picture

RIIIIGGGGHHHHTTTT! - It's ONLY a glitch!

Wed, 04/03/2013 - 12:01 | 3403645 Ghordius
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

Wed, 04/03/2013 - 12:04 | 3403674 McMolotov
McMolotov's picture

I blame Iran and/or North Korea...

Wed, 04/03/2013 - 12:10 | 3403702 Dark_Horse
Dark_Horse's picture

 

Anonymous has stuck paydirt!

 

Wed, 04/03/2013 - 12:18 | 3403750 Ghordius
Ghordius's picture

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

Wed, 04/03/2013 - 16:44 | 3405333 TwoShortPlanks
TwoShortPlanks's picture

This Cyprus thingy is really catching on.

Wed, 04/03/2013 - 12:42 | 3403885 pods
pods's picture

You could work for the ministry of truth!

pods

Wed, 04/03/2013 - 13:05 | 3404032 glenlloyd
glenlloyd's picture

more like the ministry of magic....

Wed, 04/03/2013 - 13:49 | 3404242 Ghordius
Ghordius's picture

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

Wed, 04/03/2013 - 16:04 | 3405039 BTFDemocracy
BTFDemocracy's picture

I'll take the position as Global Minister for Peace

Wed, 04/03/2013 - 20:55 | 3406337 StychoKiller
StychoKiller's picture

You lazy bum!

Wed, 04/03/2013 - 12:06 | 3403680 smlbizman
smlbizman's picture

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

Wed, 04/03/2013 - 14:41 | 3404541 Acet
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

Wed, 04/03/2013 - 12:35 | 3403845 Debtman And Robbin
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. 

Cheers!

Wed, 04/03/2013 - 16:27 | 3405244 USisCorrupt
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.

Wed, 04/03/2013 - 12:03 | 3403657 xtop23
xtop23's picture

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

Wed, 04/03/2013 - 12:02 | 3403662 pemdas
pemdas's picture

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

Wed, 04/03/2013 - 12:08 | 3403691 AlaricBalth
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.

http://www.bbc.co.uk/news/business-21440073

Wed, 04/03/2013 - 14:46 | 3404556 Acet
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.

Wed, 04/03/2013 - 13:03 | 3404004 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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

Wed, 04/03/2013 - 11:58 | 3403625 Urban Redneck
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)...

Wed, 04/03/2013 - 12:00 | 3403633 DoChenRollingBearing
DoChenRollingBearing's picture

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

Wed, 04/03/2013 - 12:01 | 3403644 DeadFred
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

Wed, 04/03/2013 - 14:00 | 3404290 Frank N. Beans
Frank N. Beans's picture

pre-crime

must arrest banksters now before this actually happens

oh wait

Wed, 04/03/2013 - 11:55 | 3403607 earleflorida
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!!!

Wed, 04/03/2013 - 13:18 | 3404090 BennyBoy
BennyBoy's picture

Practice makes perfect.

Wed, 04/03/2013 - 13:20 | 3404107 Sir Humphrey
Sir Humphrey's picture

Congratulations! You´ve been invited to participate in a bailout!

https://www.facebook.com/photo.php?fbid=523095741075690&set=a.3926792341...

Wed, 04/03/2013 - 13:31 | 3404145 aleph0
aleph0's picture

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

;-)

 

Wed, 04/03/2013 - 13:45 | 3404215 AGuy
AGuy's picture

"Glitchez"

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!

 

Wed, 04/03/2013 - 11:45 | 3403552 SheepDog-One
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.

Wed, 04/03/2013 - 11:46 | 3403564 McMolotov
McMolotov's picture

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

Wed, 04/03/2013 - 11:46 | 3403569 Buckaroo Banzai
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.

Wed, 04/03/2013 - 11:53 | 3403599 CommunityStandard
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...

Wed, 04/03/2013 - 12:57 | 3403963 Papasmurf
Papasmurf's picture

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

Wed, 04/03/2013 - 12:58 | 3403971 Matt
Matt's picture

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

Wed, 04/03/2013 - 12:00 | 3403630 SheepDog-One
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.

Wed, 04/03/2013 - 12:06 | 3403683 DeadFred
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.

Wed, 04/03/2013 - 15:35 | 3404808 klockwerks
klockwerks's picture

That is probably very true.

Wed, 04/03/2013 - 12:11 | 3403708 PoorMan429
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.

Wed, 04/03/2013 - 11:44 | 3403557 TeamDepends
TeamDepends's picture

Are they still paying 2% interest?

Wed, 04/03/2013 - 12:01 | 3403640 Sancho Ponzi
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"

Wed, 04/03/2013 - 12:30 | 3403819 DoneThis2Long
DoneThis2Long's picture

You forgot the "loop ~" argument!

Wed, 04/03/2013 - 14:56 | 3404619 Acet
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"

Wed, 04/03/2013 - 13:17 | 3404084 Stares straight...
Stares straight ahead's picture

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

Wed, 04/03/2013 - 11:45 | 3403558 Melin
Melin's picture

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

Wed, 04/03/2013 - 12:50 | 3403922 FoeHammer
FoeHammer's picture

I see RED from spot gold

http://goldprice.org/spot-gold.html

 

Clamping down on the paper price

 

Wed, 04/03/2013 - 12:51 | 3403938 FoeHammer
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!

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