Bank accidentally deposits $176 million into people’s accounts on Christmas Day

LONDON – Thousands of people received a surprise gift on Christmas Day when the European bank Santander accidentally deposited £ 130 million ($ 176 million) on 75,000 transactions.

The bug occurred when payments from 2,000 business accounts in the UK were processed twice, which meant some employees doubled their wages while suppliers were also getting more than they expected.

The bank said the double payments were caused by a “scheduling problem” that has now been fixed.

She is now trying to make up for the erroneous payments, many of which have flowed into the bank accounts of competing banks.

“We are sorry that, due to a technical problem, some of our corporate customers’ payments were mistakenly duplicated in the recipient’s accounts,” a Santander spokesman told CNBC.

“None of our clients have been left out of their pockets at any point and we will be working hard with many banks across the UK in the coming days to restore the duplicated transactions.”

According to reports, the incident may have dampened the mood of some payroll workers on Boxing Day and Boxing Day.

“It ruined my vacation time thinking I mistakenly paid out hundreds of thousands – I thought I did something wrong,” said a payroll manager said the BBC. “I thought it was just me and I was going to get into trouble at work.”

The payroll manager added that Santander has not disclosed how companies should explain the second payment to employees, nor has it given any information on how it should be repaid, according to the report.

Santander said the process of recovering funds is an industrial process known as the “bank troubleshooting process”. It added that it has started working with other banks in accordance with the procedure and that these banks will try to collect the accidental payments from their clients’ accounts.

It said it also has the option to withdraw the funds directly from people’s accounts.

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