Bank seeks to recover $175 million it paid out on Christmas by mistake

Santander's U.K. bank is seeking to recover £130 million ($175 million) it paid out on Christmas Day by mistake.

Due to a "technical issue," 75,000 payments by some 2,000 corporate and commercial account holders were made twice to their recipients, the bank said in a statement sent to AFP, confirming a report in The Times of London.

The duplicated transactions made on Christmas morning came from the bank's own reserves, meaning that none of the clients were left out of pocket, the bank said.