Bank of the Philippine Islands blames 'internal error' for account balance mispostings

Customers report losing money in their accounts.

Bank of the Philippine Islands blamed an internal data-processing error for inaccurate balances in some of its customer accounts amid a flurry of claims on social media over unauthorized withdrawals and missing funds, reports Bloomberg.

Some deposit accounts don’t reflect accurate balances because the processing error had caused past transactions to be either debited or credited twice, the third-largest Philippine lender by assets said in an advisory Wednesday.

Read more here.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Content on ABF
The text to display in the title bar of a visitor's web browser when they view this page. 
Lorem Ipsum
Contrary to popular belief, Lorem Ipsum is not simply random text.