Ubank

Major Network Outage Affects Australian Banks Including Ubank and Beyond Bank: Thousands Impacted

Australian challenger banks such as Ubank and Beyond Bank face major disruption due to a network outage at Data Action (DA), affecting online banking services and causing inconvenience for customers.

Australian challenger banks Ubank and Beyond Bank are among several financial institutions facing issues with online banking services due to a network outage at Data Action (DA). The outage has led to problems with app and internet banking for customers, impacting hundreds of thousands of Australians. Other banks affected include People's Choice, Defence Bank, and P&N Bank. Beyond Bank reported intermittent issues with Osko Payments, Internet Banking, and the Mobile App. The companies are currently investigating the root cause of the outage.

The network outage at Data Action has caused widespread disruptions for Australian banks and credit unions, with at least six financial institutions affected. Ubank and Bank Australia have issued apologies to customers for the inconvenience caused by the outage. The outage has left customers unable to make online transfers or use mobile banking apps, leading to frustration among users.

Interesting Fact: Ubank is a digital bank owned by the National Australia Bank (NAB) and known for its innovative online banking services. Beyond Bank is a customer-owned bank offering a range of financial products and services in Australia, with a focus on community support and responsible banking practices.