HSBC BACS hiccup
Discussion
Hate to see what happens when one of the banks (or multiple banks) inevitably has a proper meltdown or hack that lasts more than a weekends' worth of delayed payment. That will be serious toys ejected from pram.
Do people really not maintain any reserves of any sort? How are they even being granted mortgages and the like if they live this close to financial apocalypse as they're tweeting about.
Do people really not maintain any reserves of any sort? How are they even being granted mortgages and the like if they live this close to financial apocalypse as they're tweeting about.
kev1974 said:
Hate to see what happens when one of the banks (or multiple banks) inevitably has a proper meltdown or hack that lasts more than a weekends' worth of delayed payment. That will be serious toys ejected from pram.
Do people really not maintain any reserves of any sort?
I keep at least a months wage in reserve in my account and we have other monies elsewhere to call on if dire things happen. But such actions were indeed news to the guy who I work with! He soon saw why it was a good idea when the company we worked for went to the dogs and payments went missing or were very late.Do people really not maintain any reserves of any sort?
Another I work with keeps around 2 months minimum in reserve but he is ultra conservative. Good engineer though, nothing he designs breaks!
Otispunkmeyer said:
I keep at least a months wage in reserve in my account and we have other monies elsewhere to call on if dire things happen. But such actions were indeed news to the guy who I work with! He soon saw why it was a good idea when the company we worked for went to the dogs and payments went missing or were very late.
Another I work with keeps around 2 months minimum in reserve but he is ultra conservative. Good engineer though, nothing he designs breaks!
2 Months of wages though can for many be eaked out to cover vitals for 3 or 4 months. Another I work with keeps around 2 months minimum in reserve but he is ultra conservative. Good engineer though, nothing he designs breaks!
I do agree though, madness for anyone with rent or a mortgage to pay to not have at least a few months stashed away. I appreciate that not everyone is lucky enough to earn well but really truely you wonder what such people do when the boiler easts itself in the middle of December or similar.
Whilst I fully realised, when I started the thread, that the powerfully build guiding-minds that comprise the PH masses would undoubtedly have at least the equivalent of the annual budget of Liberia in reserve for a rainy day, I had wondered whether anyone might speak up for those, exceptionally and incomprehensively, on a perpetually tight budget?
You know, those inconvenients maybe on the wrong end of some non-elective but life-changing negative shift in circumstances that they had been surprised by, those that might have actually planned to use their carefully amassed stash for some one-off but entirely legitimate major commitment (perhaps even in a PH friendly 'speculate to accumulate' fashion), or those that perhaps just don't earn the PH living wage (ie anyone north of Watford)?
Guess it's just tough st for them if the clever bankers fail to, err, plan and invest for a rainy day by upgrading obsolete legacy systems...(or whatever)
You know, those inconvenients maybe on the wrong end of some non-elective but life-changing negative shift in circumstances that they had been surprised by, those that might have actually planned to use their carefully amassed stash for some one-off but entirely legitimate major commitment (perhaps even in a PH friendly 'speculate to accumulate' fashion), or those that perhaps just don't earn the PH living wage (ie anyone north of Watford)?
Guess it's just tough st for them if the clever bankers fail to, err, plan and invest for a rainy day by upgrading obsolete legacy systems...(or whatever)
Pupp said:
Whilst I fully realised, when I started the thread, that the powerfully build guiding-minds that comprise the PH masses would undoubtedly have at least the equivalent of the annual budget of Liberia in reserve for a rainy day, I had wondered whether anyone might speak up for those, exceptionally and incomprehensively, on a perpetually tight budget?
You know, those inconvenients maybe on the wrong end of some non-elective but life-changing negative shift in circumstances that they had been surprised by, those that might have actually planned to use their carefully amassed stash for some one-off but entirely legitimate major commitment (perhaps even in a PH friendly 'speculate to accumulate' fashion), or those that perhaps just don't earn the PH living wage (ie anyone north of Watford)?
Guess it's just tough st for them if the clever bankers fail to, err, plan and invest for a rainy day by upgrading obsolete legacy systems...(or whatever)
What about the people that earn an average wage that decided they dont need shiny things, brand new cars, designer clothes and iPhones. Do they not count? You know, those inconvenients maybe on the wrong end of some non-elective but life-changing negative shift in circumstances that they had been surprised by, those that might have actually planned to use their carefully amassed stash for some one-off but entirely legitimate major commitment (perhaps even in a PH friendly 'speculate to accumulate' fashion), or those that perhaps just don't earn the PH living wage (ie anyone north of Watford)?
Guess it's just tough st for them if the clever bankers fail to, err, plan and invest for a rainy day by upgrading obsolete legacy systems...(or whatever)
Pupp said:
Guess it's just tough st for them if the clever bankers fail to, err, plan and invest for a rainy day by upgrading obsolete legacy systems...(or whatever)
Banks have long relied on cobbled together legacy IT systems. I suppose it's really a failure to value technology but it's worked for them.PurpleMoonlight said:
CorbynFTW said:
Yup.
And don't forget, 'the dregs' want free accounts...
How many billions profit does HSBC make? Oh yes, $13,600,000,000 in the first 6 months of this year alone.And don't forget, 'the dregs' want free accounts...
Perhaps they should spend some of it on decent IT.
If you're fretting about HSBC infrastructure and systems, the banks that got acquisition happy a decade ago will make you st yourself.
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