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RBA banking glitch delays hundreds of property settlements
['Jan']
9News
An outage within the Reserve Bank of Australia's (RBA) payment system early this week meant 500 property settlements couldn't be completed on time.
This meant 500 property transactions could not be completed by the end of the settlement day.
The RBA was forced to extend the end of the settlement day to 10.45pm to compensate for the delays and issues.
(AFR)In a statement released today, the RBA said services had been restored and transactions could once again be made.
"As there have been no further system issues at the RBA since late Tuesday evening, customers experiencing difficulties with transactions or payment delays should contact their own financial institution to discuss the matter."