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TSB’s mobile and internet app is still not working properly following major glitches related to a weekend customer account migration, meaning that although systems in the background are working, customers cannot always see what services are available.
Internet banking is only operating at 50% capacity and one in 10 attempts to use the mobile app still fail.
The problems occurred as TSB was moving customer accounts from the systems of Lloyds Bank, which had been hosting the accounts for TSB, to the new core banking system Proteo4UK, a UK version of the system developed in-house by Spanish banking group Sabadell, which owns TSB.
Over the weekend and into this week, customers have experienced serious difficulties using TSB services.
Customers have been unable to use the mobile and online banking app, money has disappeared from some accounts, customers could see the accounts of other people and others were mistakenly credited with thousands of pounds.
As of the evening of Wednesday 25 April, the bank said its internet banking is currently working at half its possible capacity.
TSB CEO Paul Pester said in his latest statement that IT teams are still working around the clock to fix the problems. “I want to reassure our customers that the engine room of the bank is working as it should,” he said. “This means that for the vast majority of our five million customers, everything is running smoothly.
Read more about core banking migration troubles
- TSB’s very public IT problems will send shivers down the spine of IT teams at large banks that are yet to migrate to new core banking systems.
- TSB customers have experienced a weekend of problems with online banking services as the bank migrates from Lloyds Bank systems to its new core banking system.
- The Information Commissioner’s Office (ICO) and the Financial Conduct Authority (FCA) are assessing the IT meltdown at TSB.
“They can do their day-to-day banking, such as using their cards to get money out of cash machines and paying for goods with their debit or credit card in shops both on the high street and online,” said Pester. “All of the services that happen every day, such as direct debits, standing orders, payments including salary credits, and transfers going in and out of accounts are working as normal.
“The challenge we are facing at the moment is that while we know everything is working, one of the main ways our customers see everything is working – through our internet banking and mobile app – isn’t functioning as well as it should be, and for this I’m truly sorry,” he said. “I can appreciate how frustrating this must be for our customers.”
The bank has hired IBM to help it fix the problem.