Technical glitch at UK bank wipes out customers’ savings

An unprecedented technical glitch left United Kingdom Bank customers worrying as all money was taken from their accounts and all that was left was money. TSB, a retail and commercial bank headquartered in Edinburgh, went through a technical glitch that resulted in double and duplicate payments. The glitch created a fear of fraud among the customers. Addressing the issue, TSB issued an acknowledgment and admitted the mistake on its part.

In a tweet shared on January 15, the bank released a message that read, “We are aware of certain issues related to duplicate payments on the accounts of certain customers. We are working hard to fix these issues and will ensure that customers are refunded for duplicate payments. We apologize for any inconvenience this may have caused.”

The tweet accumulated several tweets from customers who were in a frenzy after seeing a meager amount showing up in their bank accounts. People were forced to borrow money to sustain themselves, with no idea in what time the issue would be resolved.

One user claimed to have “nearly died” after seeing the duplicate and inquired about the refund deadline.

Another user called out.

One user expressed displeasure over the way the bank works. The user wrote, “You have left some vulnerable people in literal money or uncontrolled overdrafts. It is not ‘discomfort’, it is grounds for compensation.”

“You’ve left me nothing,” said one user, asking when the money would be returned.

This is not the first time that TSB Bank has faced a major IT glitch, prompting its customers to help. In 2019, one such lapse affected around 1.9 million customers and locked them out of their bank accounts, while many failed to receive wages, pensions and benefits. ,

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