Major Tech Glitch Spells Trouble for NAB Users—Again
Major Tech Glitch Spells Trouble for NAB Users-Again
5
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
National Australia Bank (NAB) found itself, once again, in the spotlight as thousands of customers faced disruptions with their internet and mobile banking services, marking the second such incident in two months.
This wave of complaints started around 4 PM (AEST) on Thursday, as indicated by User reports flooding Downdetector. Within half an hour, there were over 1900 grievances about NAB, highlighting a widespread frustration.
Among the issues aired on social media, many customers expressed their difficulties in accessing their account balances via the NAB app. One user went as far as speculating a potential hacking incident affecting NAB’s internet banking system. "Asking for a new version of online banking but won’t work," commented a frustrated customer on X, formerly known as Twitter.
A different user noted, "Hey, looks like your mobile banking is having issues," while others described exasperatingly slow login processes, leading to them being "immediately thrown out" once they managed to log in.
After an initial update, the bank's systems were declared fixed around 6:40 PM, returning to normal operations. Despite the resolution, it remained clear that the downtime caused considerable inconvenience to many.
Earlier, NAB attributed the service disruptions to "technical difficulties" and apologized to its customers through a statement to 7NEWS.com.au. "We’re sorry for any inconvenience this is causing our customers," a spokesperson said. "Our tech team is currently investigating and working to fix this as soon as possible."
This incident follows a similar disruption at the start of July when NAB users were locked out from accessing their accounts for several hours. As the bank continues to address these recurring issues, customers are left hoping for more robust and reliable services moving forward.
Published:Friday, 23rd Aug 2024 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
In July 2025, Japanese banking giants Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG) emerged as significant growth drivers in Australia's business lending sector. SMBC recorded a 4.66% increase in their business loan book, adding A$1.19 billion, while MUFG achieved a 3.63% expansion, contributing an additional A$0.62 billion. - read more
The Australian Finance Industry Association (AFIA) has recently introduced its Finance Industry Code of Practice, marking a significant advancement in the non-bank lending and specialist banking sectors. This pioneering initiative aims to establish a new standard for integrity, transparency, and fairness within the industry. - read more
Australia is currently experiencing a housing 'super cycle,' characterised by a substantial increase in demand for new homes. This surge is driven by a chronic undersupply of housing, demographic shifts, and evolving lifestyle preferences. For mortgage brokers, this trend presents a unique opportunity to expand their client base and services. Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check! - read more
Australian non-bank lender Moneytech has announced a strategic integration with Xero, the global small business accounting platform. This partnership aims to provide small and medium-sized enterprises (SMEs) with a more efficient and streamlined process for accessing working capital. - read more
The Reserve Bank of Australia (RBA) is currently assessing whether further reductions in interest rates are necessary, following recent economic data indicating increased consumer spending and persistent inflation in certain sectors. This evaluation comes after the RBA's decision to hold the cash rate steady at 3.60% in September, subsequent to three cuts earlier in the year. - read more
The Federal Court of Australia has issued permanent injunctions against Cigno Australia Pty Ltd and BSF Solutions Pty Ltd, preventing them from engaging in unlicensed credit activities and charging prohibited fees. This ruling follows findings that, between July 2022 and October 2023, the companies provided loans totaling $34 million to over 100,000 consumers, while charging fees exceeding $70 million, all without holding an Australian Credit Licence. - read more
Australia is experiencing a surge in investments in Battery Energy Storage Systems (BESS) as the nation aggressively pursues its goal of achieving 82% renewable energy by 2030. This transition, driven by rapid expansion of solar and wind infrastructure and the closure of coal plants, has created a growing demand for flexible energy storage solutions. - read more
Recent data reveals a significant resurgence in property investor activity within Australia's mortgage market. In the three months leading up to June 2025, investor loans accounted for 38% of new mortgages, marking the highest proportion since 2017. This uptick translates to nearly 50,000 loans valued at approximately $33 billion. - read more
The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial health. The report concludes that Australia's financial system remains well-positioned to navigate the current global economic uncertainties. - read more
In a strategic move to streamline operations, ANZ Bank has announced plans to reduce its workforce by 3,500 employees by September 2026. This decision is part of the bank's broader initiative to enhance operational efficiency and reduce redundancy within its organisational structure. - read more
Managing debt effectively is crucial for young adults, especially as they start building their financial independence. Understanding how to manage debt properly can help you avoid financial pitfalls and set you up for a stable future. - read more
Your credit score is a critical number that plays a significant role in your financial life. It represents your creditworthiness, or in simpler terms, how reliable you are in repaying borrowed money. - read more
Financial stress is a common issue that affects a large portion of individuals, often due to unexpected expenses, unemployment, or a high cost of living. It can lead to both mental and emotional strain, influencing one's quality of life and decision-making abilities. Credit scores, a critical measurement of financial health, are used by lenders to evaluate the risk of lending money. - read more
Soft inquiries are a type of credit check that does not impact your credit score. These checks occur when you or a company reviews your credit report as part of a background check, pre-approval process, or other non-lending purpose. - read more
Financial health refers to the state of one's personal financial situation. It encompasses a variety of factors, such as income stability, expenses control, savings, investments, and debt management. - read more
Choosing the right loan can be a pivotal decision in your personal financial journey. In Australia, where a diverse range of loan options is available, selecting the loan that aligns perfectly with your needs is more crucial than ever. A judicious choice can help you fulfill your dreams—be it buying a new home, investing in education, or consolidating debt—while ensuring that the repayments remain manageable and do not lead to financial strain. - read more
Maintaining a healthy credit score is crucial for anyone looking to secure their financial future. A good credit score can open doors to better loan rates, more favourable credit card terms, and even housing opportunities. It's something that impacts many major financial decisions you make in life. Without a solid score, you might end up paying more in interest and find it harder to get approval for the things you really need. - read more
Understanding the nuances of financial health is a crucial component in the journey of loan acquisition. It is the bedrock on which potential borrowers build their case for credibility and reliability. Among the myriad of factors influencing your fiscal stability, credit scores stand out as a beacon indicating your creditworthiness to lenders. A robust credit score simplifies the path to securing loans, garnering favorable interest rates, and negotiating better terms. - read more
Embarking on the journey to secure a loan can feel like navigating a minefield with your credit score as the prize. It's no secret that your credit score is your financial fingerprint, impacting not just your loan prospects but also the terms you're offered. However, the act of loan hunting itself, if not done carefully, can take a toll on this crucial number. - read more
A financial crisis can come in many forms, such as a job loss, unexpected medical bills, or an economic downturn. These events can drastically alter your financial stability and may lead to financial distress. - read more
Need Help Finding a Loan?
Find out now if you qualify and compare
rates, offers and options from multiple lenders - without a credit check!
All finance quotes are provided free and without obligation. We respect your
privacy.
Knowledgebase
Mutual Fund: An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.