Gardaí were reportedly deployed to disperse people from ATMs last night as a Bank of Ireland technical fault led to people being able to withdraw money they didn't have. An IT glitch saw people able to transfer funds they did not have on deposit into their Revolut account, and then withdraw it from an ATM.
Bank of Ireland has apologised and has been working overnight to fix technical issues which have disrupted services on its Banking 365 portal and its mobile app. Charlie Weston, the Irish Independent's Personal Finance Editor says customers who withdraw money they don't have will be traced and made repay it.
"Bank of Ireland is unable to say how people were able to get access to money like this. People are going to be in the red and the bank will tell people that once it gets the system sorted out. There is panic in the bank at the moment trying to sort this out," he added.
