According to the rte 9pm news tonight UB/RBS are considering paying compensation to their customers.
Also the Credit rating authority has said that it will give free info to UB customers about their credit rating and has requested UB not to process any negative rating that may have or could be attributed to this system failure but to hold off till sure.
I think personal customers need to have our own back up plan, e.g. instant walk in access to funds in another institution and never put all our eggs in one basket, old saying but very true.
Also the Credit rating authority has said that it will give free info to UB customers about their credit rating and has requested UB not to process any negative rating that may have or could be attributed to this system failure but to hold off till sure.
I think personal customers need to have our own back up plan, e.g. instant walk in access to funds in another institution and never put all our eggs in one basket, old saying but very true.