Lloyds, Halifax and TSB banking apps not working, thousands say
Published On Feb 28, 2025, 4:22 AM
Thousands of users of Lloyds Bank, Halifax, and TSB reported problems accessing their banking apps, coinciding with payday for many in the UK. Downdetector recorded over 4,000 incidents of users unable to access their accounts. The Lloyds Banking Group acknowledged these issues and apologized, stating they are working to resolve them. The incident highlights ongoing concerns about banking app reliability, especially during critical times.
Stock Forecasts
LYG
Negative
The outage of banking apps for Lloyds, Halifax, and TSB may lead to short-term dissatisfaction among customers and could result in a temporary decrease in stock prices due to negative sentiment. However, given that the company has acknowledged the issue and is working to resolve it, any potential impact might be short-lived. Investors should monitor the situation for updates on resolution.
Related News
Lloyds to close 136 branches as people shift to apps
Jan 29, 2025, 8:25 AM
The closures across its brands will be completed by March next year, as more customers go digital.
Lloyds, Halifax and Bank of Scotland customers to use any branch
Jan 9, 2025, 2:14 PM
The move is intended to make it easier for people to access banking services, but some warn it will lead to more branch closures.
MPs brand UK financial regulator 'incompetent'
Nov 25, 2024, 11:13 PM
A report by a group of MPs and peers called for the Financial Conduct Authority to be overhauled.