CUSTOMERS of Barclays who use online services are being warned to expect disruption over the next five months.
Barclays is carrying out work to allow the bank to prepare for new legislation requiring financial institutions to separate some retail and corporate banking activity from more complex activity.
The work will take place during one weekend each month, for five months (with the exception of December). They will start at 11.30pm on a Saturday and typically complete around 3.30pm Sunday afternoon.
The next time Barclays is due to carry out work where our core services will be unavailable will be the weekend from 11.30pm on Saturday 19 August until 3.30pm on Sunday 20 August.
Services which will be affected
- Online banking
- Mobile banking app
- Telephone banking
- Pingit
- Transferring money in/out of your account.
You will still be able to make card payments and use cash machines.
This work is required to prepare for one of the reforms brought in by the UK government, called ring-fencing, which aims to strengthen the UK financial system.
Ring-fencing legislation requires each of the larger UK high street banks, including Barclays, to separate certain retail and smaller corporate banking activity and products, from more complex activity.
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