Families are facing bank holiday weekend without money in bank accounts, after technical problems with HSBC computer net

Families are facing bank holiday weekend without money in bank accounts, after technical problems with HSBC computer net

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Business

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The transcript discusses a banking glitch affecting HSBC customers, delaying salaries and payments. Customers expressed frustration on social media, and advice was given to visit banks in person for resolution. The BACS system, crucial for processing payments, was identified as the source of the issue. Other banks like NatWest and RBS have faced similar technical problems. HSBC apologized and promised to process payments quickly and compensate affected customers.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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