Vancity’s online banking fixed after three days

After a three-day service disruption, Vancity announced Saturday afternoon that the issues with its online banking system had been fixed, and immediately began doing damage control.

CEO Tamara Vrooman said she felt sick about the outage, which kept the credit union’s core banking system, online platforms, mobile apps and IT system offline since midnight on Wednesday, and apologized for the inconvenience to Vancity’s customers.

“We know that our members rely on our online banking system to transact with us, to run their business with us, and to live their daily lives,” she said. “They’ve been inconvenienced. The first thing I want to say to members is we’re sorry, and we’re 100 per cent committed to making it right for them.”

Automatic teller machines, credit cards and point of sale purchases remained functional, but customers were not able to log into their online accounts, check balances, pay bills or complete electronic money transfers.

Now Vancity must deal with a backlog of banking needs, as well as thousands of angry customers, many of whom incurred late fees and other penalties when they couldn’t make online payments.

To that end, Vrooman said the credit union would be open through Thanksgiving weekend with extended hours, 9:30 a.m. to 3 p.m., from Saturday to Monday, and that Vancity would cover any “penalties, interest penalties, late charges,” accrued by members unable to access their banking information during the outage.

“We’ve also reached out to TransUnion and Equifax to ensure members’ credit scores will not be affected by this outage,” Vrooman said, adding that the credit union had also explained the situation to B.C. Hydro, Telus and other large utilities.

Vrooman assured Vancity members that their banking information was safe, and that there was no privacy breach — something the credit union hired an outside IT security firm to independently confirm.

That was Vancity’s first step, Vrooman said, and it added to the delay. “Once we knew our members’ data was 100 per cent safe,” she said, the credit union went to work trying to locate the source of the problem.