- About 450,000 customers were affected by a recent banking app bug
- Lloyds has paid out £139,000 in goodwill payments to 3,600+ customers
- The finance committee wants two more updates after one and six months
As many as 447,936 bank customers may have had their data exposed or seen other banks’ transactions during an IT failure on March 12, 2026 affecting those using the Lloyds, Halifax and Bank of Scotland mobile apps, a report has confirmed.
New findings from the Treasury Board note that 114,182 users clicked into transactions that potentially allowed them to see sensitive information such as account numbers and National Insurance numbers.
This led to the chairman of the finance committee asking “a number of questions” to the Lloyds group, which has now shared more information about the error.
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Lloyd’s failure affected nearly 450,000 banking app customers
A letter addressed by Consumer Relationships CEO Jasjyot Singh explained that the error occurred between 03:28 and 08:08, caused by a software error during an overnight system update. A correction was issued the morning it happened.
While transaction amounts, dates, payee details, account numbers, sort codes, NI numbers and references could all have been exposed, it appears that this exposure required near-simultaneous app access by different users – so it was as dependent on the time of use as it was on the bug in the first place.
We now know that no unauthorized transactions or account access has occurred with no financial loss identified so far. The risk of financial fraud is also assessed to be very low.
Regardless, Lloyds has paid out £139,000 in compensation to 3,625 customers in recognition of the distress or inconvenience caused. Singh said that this kind of goodwill payment would normally be made anyway for the inconvenience and is not just a direct result of this particular mistake.
The finance committee has now requested additional one-month and six-month follow-up reports from the bank to ensure that the incident was contained and has not affected customers.
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