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Nationwide, First Direct, Lloyds and Halifax have lloyds
/tech/lloyds-bank-down-not-working-halifax-tab-b2706486.html.
It’s the second month in a row that main banks have been hit by IT points round payday, with consultants saying on-line banking programs typically battle with the excessive price of exercise as wages and payments go out and in of accounts on the finish of every month.
In messages posted on-line, the banks mentioned they’re working to return their programs to regular.
Nationwide mentioned in a message on its web site “some incoming and outgoing funds are delayed in the mean time”, however that “all the pieces else is working usually”.
It mentioned direct debits and standing orders are working as regular, however funds are in a queue and can arrive quickly, including clients don’t have to do something.
Do not make funds twice
There’s all the time one huge bit of recommendation from banks at occasions like this: don’t make funds twice. It would typically seem like they haven’t gone by way of, however they may even have performed so, which implies that re-trying may find yourself sending double the cash.
Andrew Griffin28 February 2025 10:28
Second payday in a row to be affected by outages
On the finish of final month and in early February, Barclays, Lloyds Financial institution and Halifax have been all hit by service outages which left clients unable to entry funds on or simply after payday.
Fintech professional Chris Skinner advised the PA information company within the wake of these outages that banks have been discovering it “too laborious to maintain up” with fast-moving know-how.
“I feel the world is spinning so quick with know-how that the problem we’ve got is no-one’s maintaining, significantly regulators and lawmakers,” he mentioned.
“So the regulators and lawmakers have to have individuals who do higher due diligence.
“I feel there’s a difficulty right here with reliability, service and resilience, and that is the accountability of the people who find themselves organising the buildings, each from throughout the enterprise, and those that look over the enterprise by way of the regulators.
“In the meanwhile, I feel each are in all probability discovering it too laborious to maintain up.”
He added the huge array of recent tech programs wanted to function within the banking world at present imply companies have “such a smorgasbord of issues they must work with”, the “competence of maintaining with these adjustments is actually difficult each financial institution”.
Mr Skinner, who additionally runs business weblog The Finanser, mentioned the flurry of outages on Fridays – and typically near paydays – is probably going as a consequence of banks planning software program updates for weekends because it tends to be a quieter time to hold out such work.
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