Website accidentally deposits $176 million dollars into people’s accounts at christmas


A sign hugs from a branch of Banco Santander in London, U. K., regarding Wednesday, Feb. 3, last year. Simon Dawson | Bloomberg via Getty Image

Thousands of people expected a surprise gift on Christmas Day for 2010 when European bank Santander accidentally deposited £ 130 million (US $ 176 million) in 75, 000 transactions. their salaries increased twofold while the vendors got on average they expected.

Bank accounts run by competing banks. “We regret that due to a engineering problem, some payments from your corporate customers were indecently duplicated in the accounts of the recipients, ” a Santander spokesman told CNBC.

“As a result, none of our customers have most people have struggled out of their pockets and we will be working hard with many loan institutes across the UK in the returning days to restore duplicate financial transactions. According to reports, the incident may hold dampened the mood as to some payrolls on Christmas Day associated with December 26th.

“It ruined my vacation available free time thinking I accidentally paid  hundreds of thousands. I thought I did something wrong, “a payroll manager apparently told the BBC.

Just this article and that I would get in headache at work. The payroll management added that Santander had not disclosed how companies will need to explain the second payment within order to employees, nor provided any information on the reimbursement, according to the report.

He said the finance recovery process  is an private process known as the “bank repairing process”.

A person added that he has started touching other banks in accordance with accomplishing this and that these banks attempt to collect accidental payments using their company clients’ accounts and that they condition the option of withdrawing funds straight from people’s accounts.

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