--- title: "Bank Accidentally Lets People Withdraw Money From ATMs Even If They Don’t Have Any" description: "A bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 Euros from their accounts — even if they didn't have the money." date: "2023-08-17" modified: "2023-08-17" authors: - name: "Maggie Harrison Dupré" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/mharrison" url: "https://futurism.com/the-byte/bank-accidentally-withdraw-atms" categories: - "Future Society" tags: - "finance" - "fintech" - "ireland" - "the digest" --- # Bank Accidentally Lets People Withdraw Money From ATMs Even If They Don’t Have Any ![A bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 Euros from their accounts — even if they didn't have the money.]() *\Image: Getty / Futurism\* ## Money Grab For a wild few hours on Tuesday evening, a bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 euros, or roughly $1,090 in US dollars, from their bank accounts, [*The New York Times* reports]() — even if their accounts didn't have that much cash to begin with — without their account balances changing. So, in other words: free money! Well, for a little while, at least. In their official statement, the bank described the glitch as a "technical issue," adding that the error was corrected overnight, per the *NYT.* The bank also [warned]() customers that any withdrawals made during the time of the glitch would later be posted to their accounts. But according to the report, those warnings didn't stop eager crowds of customers from lining up at ATMs around the island, with crowds growing so large that local police were dispatched to monitor the "unusual volume of activity." The bank has since issued a statement urging "any customer who may find themselves in financial difficulty due to overdrawing on their account" to contact the institution*.* In short, it was fun while it lasted. ## Technical Issue Per the *NYT*, Irish Finance Minister Michael McGrath has asked the bank to provide a full account of what went wrong. After all, [according to *Reuters*](), the Bank of Ireland is the largest lender by assets in the country; if an institution like this is exposed to software malfunctions, it stands to reason that a different "technical issue" could wind up hurting a lot of people — possibly on a national level. "Disruption to banking services can have a significant effect on people's personal lives and on the running of businesses," McGrath told the *NYT* in a statement, adding that Ireland's "growing dependence on technology for the delivery of financial services" is cause enough for a review of those services' robustness. For its part, the bank isn't taking the situation lightly, [writing in an X-formerly-Twitter post]() that it "fell far below the standards our customers expect from us." Although, one could argue that giving out free money is going above and beyond customers' expectations. Nevertheless, maybe let this be a friendly reminder that all technology — even the stuff that's embedded into our essential financial structures — can fail. **More on fintech:**[*Self-Checkout Machines Ridiculed for Asking for Tips*]() ## Author At Futurism, I've reported extensively on the rise of AI as a cultural and business force shaping the media industry, and more broadly how those dynamics are changing how we all consume and share information and relate to one another. I'm also fascinated by public health policy and ethics, the role of emerging tech in politics and governance — and the powerful people and forces at those intersections — climate change, and the environment. My investigation on Sports Illustrated's use of AI-generated authors with fictional biographies won a 2024 Mirror Award for "Best Story on Media Coverage of Artificial Intelligence in Journalism and the Media" from Syracuse University's SI Newhouse School, I contributed to Niemen Lab's 2025 Predictions for Journalism series, and I've discussed my work for Futurism during appearances on NPR, CNN, the BBC, the CBC, and more. I grew up in rural Pennsylvania and attended the University of Massachusetts Amherst, where I played Division I field hockey for the Minutewomen as a midfielder. Since then, I've lived in New Orleans, Louisiana and Manhattan, New York. I spend my free time running, reading, perusing archival fashion, and searching for the world’s best negroni. I also have a debonair tuxedo cat, Westley, who's named after "The Princess Bride." ### Author social links [Bluesky]()