RBS profit overshadowed by NatWest downtime

On the day that Royal Bank of Scotland reported its first quarterly profit in 12 years, the sweet taste of success has turned bitter for customers of subsidiary NatWest who have seen transfers from accounts vanish and mobile apps and online banking go dark.

  7 4 comments

RBS profit overshadowed by NatWest downtime

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Ongoing since 7.15 am, the calamity couldn't have come at a worse time, hitting on payday for thousands of customers and just as the UK enters a bank holiday weekend.

Customers took to Twitter to vent their frustration, reporting long queues before they could get to speak to someone.


More troubling for other users is the disappearance of transfers from accounts.
And the problem is not just confined to RBS-to-RBS account transfers
NatWest has yet to set a timeline on a fix, stating merely:

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Comments: (4)

Steve Ellis

Steve Ellis Founder at Finextra Research

I was wondering if this was a bit harsh on NatWest. Then I saw the list of Related Stories tagged below.

Ketharaman Swaminathan

Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions

What's @Bodders444 complaining about? Across the pond, 30 minutes hold time is about average while trying to reach a service provider on the phone - when all's well. And when s**t hits the fan, as in the present case with NatWest, hold times as long two hours are not unheard of e.g. TARGET data breach. On a side note, this is another example of a customer using phone first to complain, then Twitter to rant. For the past several years, I've been following the reverse sequence and it works wonders - with most brands, I get my problem resolved within an hour on Twitter and have rarely had to pick up the phone. 

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A Finextra member 

You'd have thought that they would have disabled the payments/transfer function of their website or at the very least put a message on their website warning of the issue. 

Ketharaman Swaminathan

Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions

A bank disabling payment functionality? Especially when a system outage prevents money from being tranferred out of the bank?? No chance!!! #FloatIncome.

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