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BPI Hit By System Glitch, Clients Complain Losing Money In Their Accounts


The Bank of Philippine Islands (BPI) is facing numerous complaints from clients on Wednesday, June 7, after supposedly losing money in their accounts to transactions they did not make.

BPI account holders said they lost money from a few hundred to several thousand through unauthorized withdrawals leading to the bank temporary suspending online access until the system error is fixed.

In a statement on Monday morning, BPI blamed ‘internal processing error’ for the glitch and apologized to their clients.

“Due to an internal data processing error, some clients may have seen their accounts debited twice or credited twice for a past transaction. We are currently correcting the mispostings,” the statement read.

In a second statement, the Ayala-owned bank attributed the error to ‘double-posting as of June 6’ of the “transactions occurring between April 27 and May 2.”

“We have identified the root cause of this error, and are temporarily suspending access to electronic channels to speed up rectification. All BPI branches will open on time this morning, and will continue to service your needs,” it said.

The BPI then assured full resolution of the system glitch within the day.

“We anticipate full resolution of this error within today. We wish to reassure our clients that this matter will be resolved expediently, and that none of them will lose money from this incident,” the statement added.

It also advised its customers that they can still make their transactions at its branches which remain open today.



Source: Kicker Daily
BPI Hit By System Glitch, Clients Complain Losing Money In Their Accounts BPI Hit By System Glitch, Clients Complain Losing Money In Their Accounts Reviewed by Yen on June 07, 2017 Rating: 5

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