HSBC says it is now processing payments affected by an IT glitch and that most will be completed this evening, with the rest completed overnight.
Earlier the bank had said 275,000 payments were hit by the problem, meaning many people were not paid ahead of this weekend's bank holiday. HSBC apologised for the inconvenience caused to customers. It said it was "committed to ensuring that no one loses out as a result of today's unacceptable problems". "Customers who do not receive the delayed payment by Saturday morning should speak with their bank in the first instance," the bank said in a statement. "They should also contact their bank if they have suffered any costs as a result of today's problems," it continued......Read more here
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A fault at banking giant HSBC that left thousands of people without their wages before a bank holiday was caused by a mega-payment being rejected. Some 275,000 payments were stranded by the problem that caused anger among customers ahead of the bank holiday in parts of the UK in late August. In a letter to a committee of MPs, the bank said the delays were caused because it tried to push too big a payment through the system in one go. HSBC has now changed its methods....Read more here