TSB ‘up and running’ following five-day outages

TSB’s CEO stated on Twitter this morning that the TSB mobile banking app and website were up and running again, following five days of technical problems which saw customers being locked out of their accounts, vanishing payments and mortgages, and some users being able to see others’ details.

Despite the statement, many customers remain unable to access the bank’s services, receiving the message: “We’ve restricted the number of customers who can log in at once to ensure a good service once you’re in. So please bear with us and keep trying.”

Issues began for TSB on Friday when an attempted migration of accounts from a legacy Lloyds platform to a new system from Banco Sabadell led to several customers reporting missing payments, unexplained credits and views into the accounts of strangers.

The bank warned customers to expect disruption to services over the weekend, but issues have continued in the days since. TSB was forced to switch off its online services entirely for several hours on Tuesday to find a solution, but ran into more issues when it came back online as an influx of customers attempting to access their accounts crashed the system once more.

A TSB customer that spoke with FStech this morning highlighted the ongoing confusion that users are experiencing: “The CEO tweeted this morning that internet banking and the app are back up again, but they definitely are not. Are my direct debits being paid? Are my personal details and my account itself safe, or being accessed by anyone else?”

The bank could face a serious backlash from both the Financial Conduct Authority (FCA) and the Information Commissioner’s Office, which are responsible for regulating companies’ use of customer data, if they find that the TSB has breached regulations. A statement from the FCA read: “We will be talking to the firm to understand exactly what went wrong and the steps that they are taking to ensure something like this does not happen again.”

Nicky Morgan MP, chairman of the Treasury Committee, has called on the bank to explain itself: “The reports of unauthorised transactions, access to other customers’ accounts, and failures of in-branch services have all the hallmarks of an IT meltdown.

“TSB customers deserve to know what has happened, when normal services will resume, and how they can expect to be compensated,” she concluded.

    Share Story:

Recent Stories


Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.