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HSBC 'working to fix' missing payments HSBC 'working to fix' missing payments
(35 minutes later)
More than a quarter of a million HSBC payments that were delayed by a computer glitch should finish being processed today, the bank has said.More than a quarter of a million HSBC payments that were delayed by a computer glitch should finish being processed today, the bank has said.
HSBC had said on Friday that 99% out of 275,000 affected payments had been processed, and the rest would be completed overnight.HSBC had said on Friday that 99% out of 275,000 affected payments had been processed, and the rest would be completed overnight.
But on Saturday HSBC's Twitter account was still telling customers it was "working to fix" missing payments.But on Saturday HSBC's Twitter account was still telling customers it was "working to fix" missing payments.
It also apologised for the "distress caused over the past 24 hours".It also apologised for the "distress caused over the past 24 hours".
The fault, which affected HSBC customers and people expecting payments from HSBC accounts, left many people without expected money ahead of the bank holiday weekend.The fault, which affected HSBC customers and people expecting payments from HSBC accounts, left many people without expected money ahead of the bank holiday weekend.
HSBC has yet to explain what caused the glitch and has not responded to BBC requests for a comment.
'Thank you HSBC''Thank you HSBC'
David Kennard, from Haywards Heath in West Sussex, said he and his partner were scheduled to complete the purchase of their new house on Friday. David Kennard, from Haywards Heath in West Sussex, said he and his partner had been scheduled to complete the purchase of their new house on Friday.
"We sat outside our new home with the removals lorry for hours waiting for confirmation that our funds had arrived with the vendor's solicitors," he said."We sat outside our new home with the removals lorry for hours waiting for confirmation that our funds had arrived with the vendor's solicitors," he said.
"By 5pm the money still hadn't arrived, and we were told that nothing would now be done until Tuesday after the bank holiday weekend."By 5pm the money still hadn't arrived, and we were told that nothing would now be done until Tuesday after the bank holiday weekend.
"So last night we had to check into a local hotel for four nights and go out and buy clothes for the weekend and toothbrushes, etc."So last night we had to check into a local hotel for four nights and go out and buy clothes for the weekend and toothbrushes, etc.
"We will have to pay for the removal company to store and re-deliver our household goods next week. Thank you, HSBC.""We will have to pay for the removal company to store and re-deliver our household goods next week. Thank you, HSBC."
'Unacceptable'
Paul Lewis, presenter of personal finance programme Money Box on BBC Radio 4, said knock-on effects like missed mortgage payments meant there was "a lot of unwinding to do to make sure nobody suffers from this".
HSBC has said it will ensure that "no-one loses out" as a result of the "unacceptable" payment problems.HSBC has said it will ensure that "no-one loses out" as a result of the "unacceptable" payment problems.
It advised people to contact their bank if any payments had not been received by Saturday morning.It advised people to contact their bank if any payments had not been received by Saturday morning.
"They should also contact their bank if they have suffered any costs as a result of today's problems," it added."They should also contact their bank if they have suffered any costs as a result of today's problems," it added.