Northern Rock bailed out by Bank of England

Hi Guys,
my gut feeling is medium-term NR will settle or be sold to another bank, but in the short term I think next week will be problematic with a continuation of withdrawls and media panic.
I bailed out after finally accessing the website around 11.30 am today, after trying since ysterday - once I got logged in the system worked well but slow - I closed an account for myself and a friend by regular electronic transfer, as I feel there is no immediate threat to funds.
Why take any risk when I could move to an Ulster bank account offreing the same rate for amounts over 10,000 - reward reserve? So as soon as the money transfers this is what I'm heading for unless any of you guys can suggest an alternative? best of luck to all in the same boat.
Bravo
 
I haven't read all posts, so apologies if someone else has said this.

I happened to be up at 4am this morning, and it was very slow to sign in, esp. after 2nd security question. Once signed in response time was fine. I really can't imagine that their servers were under pressure at 4am, so perhaps they've purposely reduced performance/bandwith ?
 
Finally managed to get into the site this morning and made a withdrawl using the express facility - received a call from an NR agent this pm (had sent an e-mail last night requesting a call back); she said that even though I used the express facility, funds wouldn't be in my account until thurs at the earliest due to the volume. She seemed very together and said things had calmed down. Can't help feeling this is a mass overreaction but...
 
jason33 said:
I couldnt access my account online all day yesterday, so after ringing several times, I managed to get through on the phone. I transfered all but a small amount out of my NR account. I was told that the transaction would go through on Monday and be in my bank account by Thursday.

I logged in today (eventually) but I did not see my transaction as pending! Anyone else ring on Friday, transfer money out but still have no pending transaction?
The reason I am some what concerned is that my friend logged on in this morning, did a transfer and got a pending transaction straight away.

Both transactions were oridinary transfers (not same day transfer).
Click to expand...

I experienced the same situation. See posts 236 and 237. Mine was a same day transfer. My fear was that my withdrawal request could have been put in someones post basket to complete on Monday.

With the amount of activity, I didn't feel confident that it would happen. I redid the transfer on-line. Its now showing as a pending transaction. I also sent a secure email explaining situation.
 
Jason33

I couldnt access my account online all day yesterday, so after ringing several times, I managed to get through on the phone. I transfered all but a small amount out of my NR account. I was told that the transaction would go through on Monday and be in my bank account by Thursday.

I logged in today (eventually) but I did not see my transaction as pending! Anyone else ring on Friday, transfer money out but still have no pending transaction?
The reason I am some what concerned is that my friend logged on in this morning, did a transfer and got a pending transaction straight away.

Both transactions were oridinary transfers (not same day transfer).
Click to expand...

I could have written that post ! Exact same scenario
 
Jason & Havealaugh,
Does your transaction show up as pending with zero value? I'm guessing this is because the interest is only calculated on day of exit.
Gearoid
 
Arranged Same Day Transfer on Thurs @21:48 for Friday 14Th
Never Happened and there was no Pending Transaction.
Have done same again today by going in through an unclosed door.
Will be interesting if this proceeds successfully on Monday
 
Bobmax - read the posts from today - some people have managed - myself included.

Incidently - I received a 2nd call this evening about 5.30 from NR. Again - asking if I wanted to transact anything - I advised that I had already done this a couple of hours earlier online. What they have done though is ceased same day transfers as their clearing house cannot deal with the backlog. The money will be transacted out on Monday & then go through the normal 3-4 day clearing process before it hits my bank - remains to be seen of course but I'm not as concerned as I was yesterday.

Surely I am not the only one posting here who was contacted by them at least once today.

ninsaga
 
gearoid said:
That doesn't sound right. I definitely have a pending transaction displayed having closed my account.
Click to expand...

Not often the case- is the money still showing in your account balance or gone form your balance - if it is gone from your balance & not showing as pending then it usually means that it has left your account & is in cyberspace before it hits your nominated account.

ninsaga
 
ninsaga said:
Bobmax - read the posts from today - some people have managed - myself included.

Incidently - I received a 2nd call this evening about 5.30 from NR. Again - asking if I wanted to transact anything - I advised that I had already done this a couple of hours earlier online. What they have done though is ceased same day transfers as their clearing house cannot deal with the backlog. The money will be transacted out on Monday & then go through the normal 3-4 day clearing process before it hits my bank - remains to be seen of course but I'm not as concerned as I was yesterday.

Surely I am not the only one posting here who was contacted by them at least once today.

ninsaga
Click to expand...
Have aSame Day Transfer lined up for Monday 17.

Do you think this will fail. I setup a Same day Transfer for Friday 14 on Thurs - This did NOT Occur-I could not find a Pending Transaction.

Should I go Online again and setup a Normal Electronic Transfer?
 
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ninsaga said:
What they have done though is ceased same day transfers as their clearing house cannot deal with the backlog. The money will be transacted out on Monday & then go through the normal 3-4 day clearing process before it hits my bank
ninsaga
Click to expand...
I withdrew my money using a same-day transfer. If what you're saying is true, does this mean I won't be charged the €25 fee because I will need to wait 3-4 days?
 
IE104 said:
Have aSame Day Transfer lined up for Monday 17.

Do you think this will fail. I setup a Same day Transfer for Friday 14 on Thurs - This did NOT Occur-I could not find a Pending Transaction.

Should I go Online again and setup a Normal Electronic Transfer?
Click to expand...

Well according to what I have been told there wil be a delay - not sure of the benefit of going back in to do it. I find that even on normal occassions online banking over the weekend gets screwed up in terms of dates anyway.. especially with BOI. I have often conducted transactions on a friday evening after normal banking hours as an example. The money shows that it leaves my account straight away. Then sometimes on the monday, it shows that the transaction date is actually the monday.

Squonk said:
I withdrew my money sing a same-day transfer. If what you're saying is true, does this mean I won't be charged the €25 fee because I will need to wait 3-4 days?
Click to expand...

Correct - even though I did not ask - they told me that for transactions requested to go same day-which end up not going same day-would not be subject to the €25 charge.
 
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Well I for one thought I'd had enough Northern Rock trauma.
I had managed to get through to the dublin office on friday and my closure of accounts was supposedly dealt with. Had sent letter as well to make sure as one was not an online one.
Just managed to log in now and see my money is STILL there in my account with NO TRANSATIONS PENDING- EEK!! So I ticked the close account and managed to get pending transaction with 0.0!!!
Nails bitten to core here! Monday looks like being another fun day! :(
 
Just got logged in sucessfully after a good few attempts over the last few days. Made the withdrawal request and the transaction is pending.

I must check it again in a few days to see if any movement.
 
Just now I rechecked the transaction conducted this afternoon & shows as pending (as expected)
 
Guys, since 14:00 today I see this message:


Important customer notice
Unfortunately, the system is currently very busy.
We apologise for any inconvenience caused and ask that you try again later.
Thank you for your patience in this matter.

Close this window

Do you think they "closed" the internet logging in at least until monday?:confused: :confused: :confused:
 
Just logged into NR at 10.05pm tonight (Sat) after repeatedly getting busy message. Managed to withdraw funds without difficulty
 
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