TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Bank Mandiri blames record transaction volumes for missing funds

Grace D. Amianti (The Jakarta Post)
Jakarta
Tue, June 27, 2017 Published on Jun. 27, 2017 Published on 2017-06-27T13:51:28+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Bank Mandiri blames record transaction volumes for missing funds A Bank Mandiri teller (right) servers a customer at a branch in Kramat Raya, Central Jakarta. (JP/Dhoni Setiawan)

T

he missing funds and failed transactions suffered by Bank Mandiri customers recently were because of an overloaded back-office system at the lender, the bank has claimed.

Mandiri president director Kartika Wirjoatmodjo said on Monday that the bank saw an “extraordinary” volume of transactions last Thursday after a number of big payments piled up, including salaries and holiday bonuses following the end of fasting month of Ramadhan.

“People also made a lot of payments because it [Thursday] was the last working day before the national holiday,” he said.

On that day, Mandiri recorded a surge in transaction volumes to between 45 million and 50 million transactions, far higher than the daily peak volume of around 20 million to 30 million recorded during the corresponding period last year.

On regular days, the bank records an average daily transaction volume of around 12 million to 15 million transactions per day.

Thursday’s overwhelming traffic led to errors in data, with many customers reporting missing funds and unsuccessful cash withdrawals from ATMs. Some customers had their balances reduced despite failing to withdraw any cash.

“We returned [all of the money] the day after,” he said. (ika)

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.