Banking app glitch lets customers view other users’ transactions
An investigation into the glitch has been launched A glitch with a number of popular banking apps allowed customers to view other users’ transactions. The mishap allowed people to view charges and payments that were being made by other customers, leading to an investigation being launched. Some customers using Lloyds Bank, Halifax and Bank of […]
1 week ago
Major UK bank ‘closing all customer accounts’ within weeks
1.8 million customers are being transferred. A major UK bank is closing all customer accounts “within weeks” as part of an ongoing transfer process after selling off its banking operations. The moves comes after Sainsbury’s sold its banking operations to NatWest last year in order to focus on groceries, leaving 1.8 million Sainsbury’s customers being […]
4 months ago
Shops could be forced to accept cash in future
As a way of protecting vulnerable people who rely on it A new report from the Treasury Committee suggests retailers and other services could be forced into accepting cash. “There may come a time in the future where it becomes necessary for HM Treasury to mandate cash acceptance if appropriate safeguards have not been implemented […]
11 months ago
Barclays offering mortgages with £0 deposit and thousands of Brits are eligible
This initiative makes use of the Right to Buy scheme. The headache-inducing world of mortgages just got a hell of a lot less painful for some lucky folk. Last week, Barclays bank revealed that it would be calling upon the Right to Buy (RTB) scheme in place of a house deposit for tenants wanting to […]
1 year ago
Major UK bank ordered to pay £12,500,000 to customers after outages
The outages occurred on payday for millions of people. Barclays will pay up to £12.5 million in compensation to customers due to outages over the past two years. The outages occurred at the end of January and February, causing days of payment disruption on payday for millions of people. Barclays are estimated to pay £5m […]
1 year ago
Payday chaos as major banks across the UK go down
The worst day for this to happen. Major banking providers have confirmed issues with their online banking systems today, resulting in tens of thousands of customers getting locked out of their accounts. Service outage site DownDetector showed a spike in the number of issues reported with Lloyds Bank, Halifax, Nationwide, TSB, Bank of Scotland and […]
1 year ago