Thousands received double pay at Christmas due to a bank error

Thousands received double pay at Christmas due to a bank error
Thousands received double pay at Christmas due to a bank error

Plenty of Britons might have thought he had received a generous Christmas surprise when his paycheck was credited to his account twice on December 25th.

Santander Bank erroneously transferred £ 130 million (more than £ 57 billion) to a £ 75,000 account on 25 December. As soon as they noticed the mistake, the employees of the financial institution started collecting the money, but they have no easy thing to do, as a significant part of the amount landed on accounts kept with rival banks, writes the BBC.

The mistake was caused by the same payments being made twice from two thousand corporate bank accounts, meaning that many received their payments twice and many suppliers received twice the money due to them.

The bank apologized for the mistake and said none of their customers ’money was in danger, and their staff would do everything in their power in the next few days to recover the amount wrongly distributed.

An unpaid payroll accountant told the BBC that the mistake ruined the year-end leave of many of the bank’s employees.

Source

Thousands received double pay Christmas due bank error

 
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