A number of the UK’s biggest banks have been hit by online issues this morning leaving thousands unable to access their funds on payday.
For the second month in a row, major banks such as First Direct, Halifax, Nationwide, Lloyds Bank, TSB, and Bank of Scotland have experienced app and online banking issues on payday.
Reports of people flagging the problem has now decreased according Outage monitor Downdetector.
Lloyds Bank was the first to confirm it has fixed the issue.
A Lloyds Banking Group spokesperson said the banking services are now working as normal.
The British banking giant apologised for the inconvenience in an earlier statement.
Reena Sewraz, retail editor at consumer watchdog Which?, said the problem “could cause real headaches for thousands of customers”, particularly on payday.
“Some people may miss important bill payments, find themselves unable to pay for essential services or risk going overdrawn, all of which could have serious consequences,” she said.
One user on social media platform X told Lloyds that they could not access their business account to pay their staff.
Another said in a post, which tagged the bank, that they had been told to transfer funds into their account, but could not do so due to issues affecting the app.
“Your new cards have no phone numbers on and I’m nowhere near a branch,” the user wrote, adding “help!”.
The Treasury committee has written to the bosses of nine banks asking for information on the IT failures scale and impact.
Martin Quinn, the director of campaign group Campaign for Cash, said Friday’s banking app issues demonstrated society’s over-reliance on technology.
Disability rights group are also calling for access to physical cash to be protected.