HSBC logo

HSBC online banking services working again after system failure

Written by Joseph Nordqvist

Published: 22:30, January 5, 2016

Online Banking - HSBC’s online banking services are slowly beginning to work again after two days of failure. The system failure has made customers furious, with thousands venting their anger on social media.

Customers were not able to log on to to their accounts on the personal banking site and business accounts were loading slowly.

The problem was said to be caused by “a complex technical issue within our systems”.

An HSBC spokesman said in a statement apologising for the faults on Monday:

“We are currently experiencing issues with our Online and Mobile banking. Personal Mobile banking is working but due to high demand customers may experience delays.”

HSBC’s John Hackett said at 18:00 GMT, said: ”I’m pleased to say that we have seen a steady return of service to internet banking in the past few hours for our personal and business customers,”

“The frequency of these failures across the financial services sector suggests a systemic weakness in IT infrastructure. This is concerning,” Andrew Tyrie, a Conservative lawmaker who also chairs parliament’s Treasury Select Committee, said in a statement.

But Mr Hackett added: “It is encouraging that more and more customers have been able to log on this afternoon, and all customers should feel free to try.”



“I’d like to apologise once more for any inconvenience that this technical issue has caused. We will be waiving any fees incurred as a result of this incident; and we will be happy to help all our customers with any issues that have arisen.”

HSBC is Britain’s largest bank, boasting more than 17 million account-holders.

Thousands customers went to social media to vent their frustration, with one angry Twitter user describing the issue as “shocking disgraceful customer service”.

Joseph Nordqvist Avatar

Share this:

Other News

IMF says global current-account gaps widened in 2025, led by China and the United States

Sep 14, 2026

Alan Lovell takes over as British Steel chair as government pursues turnaround

Sep 14, 2026

Plumbing or college: weighing pay, training and AI exposure

Sep 13, 2026

Why more advanced VR equipment does not always feel more real

Sep 13, 2026

VR pilot training shows promise before a student’s first real flight

Sep 13, 2026

Family businesses face a gap between succession plans and readiness

Sep 13, 2026

EU keeps battery recycling targets as industry prepares for tougher recovery rules

Sep 13, 2026

UK firms report patchy recovery while hiring plans stay flat

Sep 13, 2026

Positron wins new backing for an AI chip built around cheaper memory

Sep 13, 2026

EU employment rises, but 24 million people still want more work

Sep 13, 2026

Why the Internet of Things still matters for businesses

Sep 12, 2026

Deep discounts can weaken later purchase interest, study finds

Sep 12, 2026

Household saving study finds large differences in how people value the future

Sep 12, 2026

Cybersecurity budget research puts expected losses ahead of spending targets

Sep 12, 2026

UK trade deficit narrows to £9 billion over three months

Sep 12, 2026

Munters expands Virginia factory to make data center chillers locally

Sep 12, 2026

Digital literacy report calls for skills training beyond network coverage

Sep 12, 2026

Berkeley’s healthy checkout rule linked to lower soda sales, study finds

Sep 12, 2026

France cuts growth forecast to 0.5% and announces fresh budget measures

Sep 12, 2026

Kroger cuts sales outlook as online growth helps support earnings

Sep 12, 2026