2008 ends on a disappointing note for the banking system
It has today been revealed that many Nationwide customers are missing December salary payments which have not yet been credited to their accounts. It appears that after an "overnight processing problem" a number of accounts have not been updated with automatic debit and credit payments leaving many customers short of funds and possibly facing late payment charges for direct debits which have not been paid.
While Nationwide claims that the problem affected only a "small minority" it has apologised to customers who have been affected and the problem should be rectified in the short term. Customers who are unable to draw money from cashpoints are invited to visit their local Nationwide branch where they will be able to make withdrawals of up to £100 each if regular payments are visible on their accounts.
Coming just days after a Barclays bank customer spotted a £100 billion debit on his account it would appear that 2008 has not ended well for the UK banking sector. Again, it does illustrate how vital the UK banking system is to everyday life and how much we depend upon the services they offer. While no customer will lose out with regards to the Barclays bank and Nationwide building society problems many customers are very disappointed with the situation.
Share this..
Related stories
Bankers take Dresdner bank to court over unpaid bonuses
A group of 72 bankers formerly employed by Dresdner ahead of its acquisition by Commerzbank are today going to the High Court claiming up to £30 million in unpaid bonuses. Six of the 72 bankers in question believe they should have received in excess of £1 million each in bonuses with the highest one said to be around £1.5 million for options trader Jonathan Powell.
While the subj...
UK government to invest tens of millions into UK broadband
The UK government has today confirmed that tens of millions of pounds will be put aside to finance the U.K.'s digital revolution. The recent Digital Britain report highlighted the need for significant investment and improvement in broadband and mobile services throughout the country and the government has finally promised to assist. Initially, much of the investment required was set to be provided...
Read MoreDon't forget your online tax return deadline of 31st of January
For those who submit their tax returns online do not forget the deadline is 31 January after which penalties will be incurred and costs will be added to your tax bill. Despite the fact that taxpayers were able to submit their tax returns on paper towards the end of 2009, more and more people are now looking to submit their tax information online. However, while this is very useful and very conveni...
Read MoreUK credit card holders susceptible to identity fraud
The various credit card agencies around the UK are this week embarking upon a period of education for UK credit card holders who use their "flexible friend" overseas on holiday. When you consider that UK credit cards are used 10 times every second overseas by holidaymakers, the potential to fall victim to identity fraud and credit card fraud is substantially increased.
Aside from th...
House prices hit record high in August
15/10/2013 The Office for National Statistics (ONS) recorded record house prices in the month of August, as their house price index eased past the previous record set in January 2008, before the UK entered recession. The house price index used by the ONS works by measuring the mortgage deals used to finance property purchases over a certain period of time, and figures for August produced a...
Read More