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Nationwide payments to banks and building societies delayed | |
(32 minutes later) | |
Payments to and from the Nationwide Building Society to other building societies and banks have been delayed because of an IT glitch. | |
Customers of what is the UK's biggest building society have reported a range of problems, including making mortgage payments. | |
Nationwide says the IT issue has now been resolved but it will take some time to clear the payment backlog. | |
It said it was "very sorry for any inconvenience caused." | |
Nationwide said the problems had been caused by planned maintenance works overnight over-running, resulting in the firm's network being down for longer than expected. | |
"It may take a few hours before impacted payments are processed," it said in a statement. | |
It has advised customers not to resend any payments they have already attempted to make. | |
One customer told the BBC that he has been unable to make payments which may affect his mortgage. | |
Richard Bagnall said he was attempting to transfer money to another building society in order redeem his mortgage today. | |
"It had to be today to avoid penalties," he said, adding that it was the final day of his mortgage's fixed interest rate. | |
The website showed a "technical error" when he attempted the transfer - but did not suggest that the payment was in a queue, he said. | |
Responding to a post on X, formerly Twitter, from Nationwide acknowledging the issue, customers have reported a range of problems. | |
One person said they had made transfers, with the money leaving their account but not entering the other account. | |
Another person claimed to have had problems buying a train ticket. | |
Many people have criticised Nationwide, calling the incident "shocking" and "frustrating". | |
Nationwide says customers could continue to use their cards online and in shops, log-in to their banking apps, and withdraw money at cash machines. | |
It says direct debits and standing orders are working normally. Money can still be moved between Nationwide accounts, it added. | It says direct debits and standing orders are working normally. Money can still be moved between Nationwide accounts, it added. |
The firm is currently trying to buy Virgin Money in a £2.9bn deal which would create the UK's second largest mortgage and savings group. | The firm is currently trying to buy Virgin Money in a £2.9bn deal which would create the UK's second largest mortgage and savings group. |
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Related Topics | Related Topics |
UK banking | |
Software | Software |
Nationwide Building Society | Nationwide Building Society |
Mortgages | Mortgages |
Information technology | Information technology |