Bank systems down!?

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posted on Nov, 7 2010 @ 12:08 PM
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Originally posted by The Great Day
HSBC down for sytem upgrades....hmmm why so many doing the same.

www.hsbc.ca... n


These migrations have to happen sometime. The banks go through things like database upgrades where their huge storage of data have to be moved around without losing any data. Some banks know how to do it better than others - but if they don't use data replication to do these migrations, they have to go through this down-time to move stuff around.

I've worked with Wachovia, MBNA (now part of BofA) and know people who work at Citigroup. These banks are so big that you'd think they were super-great at doing stuff. They're not - they're full of politics, project team size bloat and outsourcing. They can stall a project if one guy goes on vacation because each team member is a specialist and nobody can take up the slack without proper approvals and sign-offs. If someone had a better idea of how to do something, others can shut them down because "this is how we always do it".

You'd do yourself a favor in banking more local. Either a Credit Union or a local community bank. They don't have 3 to 8 Terabytes of data to upgrade and migrate every 1/2 year. They have smaller systems which are run by (at times) more efficient IT departments. I have to assume that these banks have less corporate "governance" and are able to handle projects with ease compared to the large IT projects that impact the big banks. I'm familiar with one project at Wachovia which has been trying for almost a year to plan a database move from one host to another and doing a database product upgrade. Almost a year. The entire team is waiting on one guy to do some certain tests so they can figure out how long it will take. They could do better, but that's how big banks work.




posted on Nov, 7 2010 @ 12:44 PM
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I think it's possibly just for the clock change like back in March.



posted on Nov, 7 2010 @ 01:14 PM
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discussions.apple.com...

It appears to be a problem with the IPhone APP for day light savings time is not working. Probably why there are systems down today to fix the problem as it relates to financial APPS.

Financial services professionals working at Citigroup and Bank of America (BofA) are testing technology and software for use on the iPhone, a news report has revealed.

www.bobsguide.com...



posted on Nov, 7 2010 @ 01:24 PM
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Originally posted by St Udio
I have heard that most of the Nationwide Banks are connected by the Iridium constellation of satellites
that handle the money flow & parts of the ATM systems.

The BoA might have had a glitch happening..and, having a proper ID is normal for cashing checks,
what was so unnatural that a teller said what was said about the BoA system being down...

couldn't they verify that you had a current account at BoA or what?

[size=-3]footnote: perhaps the teller only wanted to ingraciate themself with you
for the coming christmas season of sharing


Actually, having proper ID at BofA isn't really normal for cashing checks--at least not down here in New Mexico. Here, you swipe your debit card and enter your PIN into their little card reader and that's suitable for identification for them. If there system was down, then the card reader might not have been working. I know the debit card for ID system has been in place for at least a couple years now, because my father, when we worked for the same company a couple years back, used to rant about it for hours after each trip to the bank!



posted on Nov, 7 2010 @ 01:30 PM
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reply to post by gwynnhwyfar
 


In the past, banks as far as I have known will always display a message on their websites (or posted on their doors) of upcoming system work or down time, AHEAD OF TIME. I have never seen such widespread outages without some kind of warning ahead of time. I have also never had problems using a debit or credit card on a bank holiday.



posted on Nov, 7 2010 @ 01:41 PM
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Ok, you bank savvy folks.

I logged into my BOA web account this morning (before I visited ATS) and I can see my checking acct, but my credit card account is not functioning.

Does this line up with system upgrade/update related issues you've experienced in the past?

UPDATE 2 PM, Central Standard Time

The damned thing is back up again. Why oh why did I want to look at my credit card bill anyway?
edit on 7-11-2010 by fragmatic because: bank account up again



posted on Nov, 7 2010 @ 02:05 PM
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This is why I love ATS. People all around the world keeping us posted on things we would've have known for days. Thanks you ATS'ers, we have a great online community here!



posted on Nov, 7 2010 @ 02:14 PM
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I just logged into my Chase Bank online account and this came up:

On Sunday, November 7, from midnight ET until 5:30 AM: Your account balances may not reflect all transactions you've made in the past 24 hours. You won’t be able to access your accounts from your mobile browser, update your personal information or complete same-day transactions. In addition, some credit card balances will be unavailable from midnight ET until 11 AM on Sunday, November 7. Some credit card rewards information will be unavailable from 11 PM on Saturday, November 6 until around 8 AM on Sunday, November 7 and from 11 PM on Sunday, November 7 until around 5 AM on Monday, November 8. (Posted November 1)



posted on Nov, 7 2010 @ 02:18 PM
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My internet banking is down today.



posted on Nov, 7 2010 @ 02:19 PM
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Just was on my Wells Fargo, its fine no problems, havent had a problem, and dont forsee one either, doing upgrades, i know, why do it before what will be the biggest shopping day of the year in a few weeks, oh maybe i just answered it, making a huge mountain out of a really tiny mole hill here folks.



posted on Nov, 7 2010 @ 02:25 PM
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I just tried to withdrawal some spending cash from my local banks ATM.
I received a error on my reciept.

#014.sb - Acct is not available for access. Apply for access.

This is starting to worry me...



posted on Nov, 7 2010 @ 02:48 PM
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The last time I tried to withdraw $$$ from that bank ( last night) the creep behindthe counter told me the same thing-- the stupid system wasbroken down. he said I had to show FOUR types of id to cash a check and get cash back. I told him to go crawl back into what evers hole he crawled out of. loser ( and stupid bank)



posted on Nov, 7 2010 @ 03:04 PM
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hi guys, i just thought i´ll post this link to you, it´s probably nothing new, but the source is good,

www.spiegel.de...



posted on Nov, 7 2010 @ 03:07 PM
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I think the bank systems have been down for a while. . .every time I go into a bank, all the tellers just laugh when I ask to make a withdrawal!


Seriously though, I think about half the time we fulfill our our own prophecies. When we put it out there that there's gonna be an event, people react and oftentimes OVER-react and that causes the very thing everyone was afraid of in the first place.



posted on Nov, 7 2010 @ 03:09 PM
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Thank you everyone for visiting and posting my thread.
I read all your posts.
I am always trying to remain alert about alot of things, but started this thread because of something strange going on.

I mentioned far back in a previous post about something that happened in the UK.
I really hope the same does not happen agian somewhere else, but on a bigger scale.

My new thread is Titled:
Have any bank customers read this?



posted on Nov, 7 2010 @ 03:41 PM
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There should be a virtual-bank located on the internet in which a depositor instantly becomes a shareholder in which the depositors/shareholders vote democratically as to what bank policies are enacted. Can you imagine a bank actually run by the people? The networking technology already exists. If PayPal can ensure security of virtual money so could a bank run solely by depositors. Every depositor could propose legislation, and could vote online for proposed policies by others until a bank-constitution is created. A peoples bank could empower the people.



posted on Nov, 7 2010 @ 03:44 PM
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Hi, all,

I've been lurking for a long while, and finally decided to join after reading this, along with several other threads. This has been an interesting thread to read, and hopefully it's not going to happen all that I've read here. Just wanted to let all know, I live in the south, and my bank seems fine. I checked it yesterday, on it's online website, it's a smaller bank, The Heritage Bank. There was no mention of anything happening on it. I'll be stopping by Bank Of America tomorrow, so hopefully all will be fine there.



posted on Nov, 7 2010 @ 04:08 PM
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reply to post by BeautifullyUnwritten
 


Thank you for posting, and welcome to ATS!
I am not sure if you read through all the posts (it sounds like you did), There are quite a few people from all over taking notice.
Let's cross our fingers.



posted on Nov, 7 2010 @ 04:17 PM
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Maybe this is the real reason for Obama doing his tour of duty in Asia, maybe he's away to beg for a loan from someone to top up the ATM's!!!!

No wonder he fled the country, as did all the rich corporate owners, imagine the uproar if people coudnt take out their pennies???



posted on Nov, 7 2010 @ 04:44 PM
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Computers go down. It was probably maintenance or something simple like that. I doubt it's some big conspiracy to prevent people from banking. All systems were probably up and running the next day anyway.





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