After disruption at the ECB

Don’t panic if your salary is not yet in your account!

(Bild: Ngampol )

It's already the last day of the month, but you still don't have a salary in your account? Don't worry, it's not necessarily your employer's fault - there's a completely different reason. There are currently delays due to "technical problems" at the European Central Bank. The Austrian National Bank is reassuring: everyone will soon see their salary in their account.

Many people were astonished in the morning - although it is the last day of the month and the weekend is just around the corner, their well-earned salary was missing from their account. However, before you start complaining angrily to your employer because they haven't paid you on time, you should wait a little longer. 

Payments should still arrive on Friday
Erste Bank reassures its customers in online banking with a note: domestic transfers were received one day late. The bank assures that all outstanding transfers will still be processed during the course of Friday. Pension payments were also affected. In order not to overload the channels, please refrain from calling.

(Bild: Screenshot Erste Bank Onlinebanking)

National Bank: Transfer completed, but not yet visible
As the Austrian National Bank explained in an interview with the "Krone", it is "confident that all outstanding salaries and pension payments will be visible on the account in the course of the day. Due to short-term hardware problems, there were disruptions to the payment systems, explained Governor Robert Holzmann. "This means that every transfer was carried out correctly, but there may be occasional short-term delays before the transfer appears in the account."

Some readers reported to "Krone" on Friday afternoon that they had already received their salary - albeit with a delay. Others continued to see the message apologizing for the inconvenience.

Problems with two of the ECB's settlement systems
A disruption in the European payment system affected two important settlement systems on Thursday - problems occurred with Target 2 (T2) platforms for large payments and T2S for securities transfers. By the evening, both systems were said to be functioning properly again. 

The consequences of the disruption were still noticeable the next day - there were delays in large payments. These were in particular salary and pension payments as well as social benefits. "This could lead to incoming credits being credited to the current accounts of payment recipients at a later time than usual today," explained the Deutsche Bundesbank early on Friday afternoon. 

The problems at the European Central Bank (ECB) were not due to a hacker attack, but to a technical error. There had been no "malicious attack". According to the ECB, communication with the network was disrupted. Some graphical interfaces on the settlement system were no longer accessible. Participants were advised to resend all messages to which they had received rejections at a later date.