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Yesterday, Wells Fargo, an American multinational financial services company, suffered a major outage of their online and mobile banking operations and the services went completely offline. Following this, the company posted a tweet at 9:28 a.m. ET, apologizing to its customers for this issue with their online banking and mobile app.

Jackie Knolhoff, a Wells Fargo spokeswoman, said that the system issues were “due to a power shutdown at one of our facilities, initiated after smoke was detected following routine maintenance.”

This is the second time in a week the company experienced such a similar outage. A similar disruption occurred last Friday, which lasted for five-and-a-half hours.

According to a user comment on HackerNews, “They had all their mission-critical infrastructure in a single data center. How many billions of dollars do they make per year? And they can’t afford even a tiny bit of redundancy? If I were a customer, I’d use this as a sign that this company is not technically competent enough to manage my money”.

It is yet unknown how many of the bank’s customers were affected but Twitter complaints have been registered across the U.S. The customers are frustrated and are demanding for an inconvenience fee from the company. One of the customers tweeted, “Wells Fargo is responsible for this and they should cover any late fees generated by their failure.”

To know more on this, read Wells Fargo’s Twitter thread.

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Savia Lobo
A Data science fanatic. Loves to be updated with the tech happenings around the globe. Loves singing and composing songs. Believes in putting the art in smart.