Australian bank customers are demanding compensation after bank systems failure left thousands out of cash over the weekend as bank systems failed to update accounts. A corrupt file kiboshed payments on Wednesday night and the bank is still trying to sort out the backlog. The problem was variously described as a corrupt file and …
At least I know somebody's had a worse weekend than me, my sympathies go out to their techies.
wait a minute
people actually bank online?
Damned if you do, damned if you don't.
Bank online and someone will nab your credentials. Bank in a bank and you'll get carded by some git who slipped the gear right underneath the noses of the bank employees.
Damned if you do, damned if you don't. The only thing that's certain is that it's not the bank's fault! (Chip and PIN are UNBEATABLE, don'tchaknow!) Same as always: the only person who ever gets screwed is the regular Joe...
Single use PIN
sent to mobile phone is the way the Commonwealth Bank does it.
You need to know your account number and password, and have your mobile phone.
Its opt in, too, so you can take the risk if you want to.
Aussie Banks Take the Piss
Australian banks just take the complete piss out of the customer. They're changing terms and conditions every 30 days (because you agree to that when you sign up) - they change "fee free" accounts which are heavily advertised as such and then impose high monthly fees within months of opening such accounts.
Did you know that Australian banks' biggest annual profit growth comes from penalty fee increases? Yes, it is in their interest to label you a "naughty boy" because you'll pay!
In Australia, everybody is a criminal. Why? Because it's profitable to punish.