Panic Withdrawal of Money: Is that for real?

@Shavkat (62726)
Philippines
June 10, 2017 9:07pm CST
When the Bank of Philippine Islands had their share of glitches in their system, I wasn’t able to withdraw some money. They need to stop the online transactions because of the doubled debit and credit issue. It takes more than 24 hours before I was able to withdraw money from the ATM. I am not being silly but I need to withdraw a huge amount of money for my monthly budget. It was a panic withdrawal of money for me. I am anticipating not to be troubled having over the counter transaction with the bank. “Did you ever try a panic withdrawal?” Image Credit: www.hellodoctor.co.za
11 people like this
11 responses
@ridingbet (53195)
• Philippines
11 Jun 17
i and my big brother have a joint bank account (time deposit) at BPI. we do not have ATM or bankbook, so when my brother told me to check our account, i told him our money is safe, and to make him more relaxed, i went to the bank. yes, our account is safe.
3 people like this
@Shavkat (62726)
• Philippines
11 Jun 17
I agree. After two days, I was able to check my online savings account. It was a relief.
2 people like this
@ridingbet (53195)
• Philippines
12 Jun 17
@Shavkat so does our account, it is safe and untouched.
1 person likes this
@Shavkat (62726)
• Philippines
12 Jun 17
@ridingbet I think the bank will do their best to regain their reputation about this. We don't need to worry about
1 person likes this
@AkoPinay (11809)
• Philippines
11 Jun 17
I don't because I keep minimum balance only I open bank accounts for TRANSFER purposes only I have no extra cash in any bank If I have money I wont keep huge amount in one account. Will keep funds in different banks i.e P50k in HSBC, P50k in Chinabank, P50k in BDO, P50K in Visa debit card, P50k in MasterCard, etc. it's better to always have back ups.
3 people like this
@Shavkat (62726)
• Philippines
11 Jun 17
I agree. I don't have any options because my salary through online transferred to BPI. I am planning to avail an account to another bank. I have two BPI bank accounts and it is a good option.
2 people like this
@AkoPinay (11809)
• Philippines
11 Jun 17
@Shavkat both BPI is still not practical better have another acct with i.e. BDO or Chinabank if only HSBC has branches nationwide I'd choose HSBC
3 people like this
• Philippines
11 Jun 17
when you win the lotto, you can raise it to 500,000 in each bank.
1 person likes this
• Philippines
11 Jun 17
I don't blame them-- BPI depositors. I feel their pain. The inconvenience that the bank did for the past few days was enough for the depositors to decide to withdrew their money. "Better to act now than sorry", as one of the BPI depositors said.
2 people like this
@Shavkat (62726)
• Philippines
11 Jun 17
I hope it will not happen again. If they do, a big problem for them to deal with.
1 person likes this
• Philippines
11 Jun 17
@Shavkat Yup. That's one big problem if it ever happens again.
1 person likes this
@Shavkat (62726)
• Philippines
11 Jun 17
@rachz_kisses I agree.
1 person likes this
@allknowing (65253)
• India
12 Jun 17
When we had this demonetization issue I had that feeling too but there were restrictions on how much one could withdraw. I did not go to any ATM but did that through cheques.
1 person likes this
@Shavkat (62726)
• Philippines
12 Jun 17
The Bank advised their clients to go over the counter. transactions. It was really a feeling of panicky when the situation happened. Some people thought it was caused by hackers.
1 person likes this
@allknowing (65253)
• India
12 Jun 17
@Shavkat Anything can happen in the digital world.
1 person likes this
@Shavkat (62726)
• Philippines
12 Jun 17
@allknowing I agree. It will happen and there is no perfect software.
1 person likes this
@thelme55 (14574)
• Germany
11 Jun 17
I don't have much money in the Philippines bank, only to keep my account not deleted, What happened to BPI? I have not read the link in fb.
1 person likes this
@Shavkat (62726)
• Philippines
13 Jun 17
I think it is fine now. They claimed to be a glitch.
1 person likes this
@thelme55 (14574)
• Germany
13 Jun 17
@Shavkat it's good to hear about the solved problem of the bank.
1 person likes this
@Shavkat (62726)
• Philippines
14 Jun 17
@thelme55 It is nice that the bank was able to resolve the glitch.
1 person likes this
@Bodyandbrain (13815)
• Gurgaon, India
11 Jun 17
I hope you get your work done soon.
1 person likes this
@Shavkat (62726)
• Philippines
11 Jun 17
The bank was able to fix the issue.
1 person likes this
• Gurgaon, India
11 Jun 17
@Shavkat that's good.
1 person likes this
@Shavkat (62726)
• Philippines
11 Jun 17
1 person likes this
@manasamanu (3753)
• Bangalore, India
11 Jun 17
No I have only a minimum balance in my account, and if I do find any trouble the bank is very near to my house(walkable distance) I'll go and check out.
1 person likes this
@Shavkat (62726)
• Philippines
11 Jun 17
I think that's a convenient situation. The local bank in my country had a national glitches problem.
1 person likes this
• Bangalore, India
12 Jun 17
@Shavkat Hmm then that's a problem.
1 person likes this
@1hopefulman (28612)
• Canada
12 Jun 17
I haven't experienced that in Canada yet. I can visualize the panic it would cause. I hope things settle down where you are and get back to normal.
1 person likes this
@Shavkat (62726)
• Philippines
13 Jun 17
It was fixed now. I think it is really a massive glitch and the clients are freaking out.
@sol_cee (15535)
• Saint Vincent And The Grenadines
11 Jun 17
Is it really system's glitch?
1 person likes this
@Shavkat (62726)
• Philippines
11 Jun 17
I am not sure. Some people claimed that it was being hacked. I hope it is not.
1 person likes this
@hereandthere (31166)
• Philippines
11 Jun 17
what will happen to those who used/spent the money that was accidentally added to their account? would they have to pay for it?
1 person likes this
@Shavkat (62726)
• Philippines
11 Jun 17
I think the president guaranteed that these will be fixed. However, he has a vague answer for those who had spent the money.
@TRBRocks420 (77744)
• Banks, Oregon
11 Jun 17
Hope it all works out and, yes sometimes lol.
1 person likes this
@Shavkat (62726)
• Philippines
11 Jun 17
It is being fixed now.
1 person likes this