In Christmas Day Error, British Bank Hands Out 130 Million Pounds
NDTV
Due to a "technical issue," 75,000 payments by some 2,000 account holders were made twice to their recipients, Santander's UK bank said in a statement.
Santander's UK bank has been seeking to recover 130 million pounds ($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 news agency AFP, confirming a report in The Times.
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.
It added that it "will be working hard with many banks across the UK to recover the duplicated transactions over the coming days".
