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Royal Bank of Canada Software Upgrade Goes Awry
Reader mks113 writes "Many Canadians living payday to payday have been in for a shock this week. Canada.com along with many other sources is reporting how thousands of customers have been inconvenienced following an unsuccessful software upgrade at the Royal Bank of Canada on Monday. All government employees (including me) in several provinces had their direct deposits delayed by a day or more." RBC has a comment on the mess.
This would almost be clever if it weren't for the fact that the US dollar is currently in the tank, and the Canuck dollar is up. Eat it boys.
If you RTFA, the problem is with the payroll deposit, not with accessing existing funds or credit cards.
1f u c4n r34d th1s u r34lly n33d t0 g37 l41d
Dude, it's called a joke, chill out. People like you suck all of the fun out life.
>How the hell is suggesting that you save a little bit of money make me a Troll?
Because it's nearly impossible to do?
Let's pretend we managed to put ALL expenses on hold. Saving up 6 months of paycheque in Canada, assuming you have an above average salary, will take about 12 months due to the tax levels in this country (there's more than just those percentages, too - many, many, many Canadians pay more than 50% of their income in tax before they see a dime).
Now, in the real world, you can't live without ANY money. So let's say we managed to cut expenses down to the point where they're half of our disposable income. We now need to wait 29 months (50% of income after tax + 15% sales taxes = 35% disposable).
To put a dollar amount on it, let's say you make $100,000 a year (if only!). You need to save $600,000 to save 6 months of salary.
$100,000 after income taxes (50%) is $50,000.
$50,000 * 12 months = $600,000.
$50,000 - ($25,000 * 1.15) = $21,250
$21,250 * 29 = $616,250
Over 2 years is not reasonable. That's 5% of your working lifetime.
If you could be told what you can see or read, then it follows that you could be told what to say or think - BoC
That's about the calibre of response I expected from an American. Thank you for winning the bet for me.