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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.

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