Santander sent $175 million on Christmas due to a technical error

A general view of Santander headquarters on May 18, 2012 in London, England.

A general view of Santander headquarters on May 18, 2012 in London, England.
Photo: Dan Kitwood (Getty Images)

Tens of thousands of people in the UK probably thought they were especially good Last year when they saw their bank accounts on Christmas Day, they all had more money than they expected. Unfortunately, Santa Claus doesn’t have enough cash in his reserves to almost justify it $176 Million in payments, but the European Santander Bank is doing it, and they want their money back, please.

It has emerged in recent days that due to a “technical problemSantander UK sent millions to around 75,000 people and companies on December 25th that weren’t supposed to receive that money. First reported before Times of London, the payments were Send to people who have had already It is paid by one of the 2,000 companies that have accounts in Santander.

The bank mainly paid these people for the second time, although the funds for the additional payment came from her coffers. This should hurt, but maybe it’s less painful than the wrath of 2,000 customers if The situation has been reversed.

according to New York timesMany of the 75,000 people who received the payments were clients of rival banks, including Barclays, HSBC and Virgin Money. In a statement to the outlet, Santander UK apologized for the error and said it would work with its competitors to get the money back. It will also use its own operations in the process, but did not specify what it is.

“We regret that due to a technical issue, some payments from our corporate customers were incorrectly duplicated in the recipients’ accounts,” the bank told The Times. “None of our customers have ever left out of their pocket as a result, and we will be working hard with many banks across the UK to recover duplicate transactions over the coming days.”

Gizmodo reached out to Santander UK on Saturday to find out more about the technical error that occurred and ask what consumers who received the wrong payment should do in response. We haven’t received a response yet, but we’ll make sure to update this article if we do.

Although this was the bank’s fault, the people who received the money could end up in the most trouble, especially if they spent it. (You may have seen a lot of dramas but spending money that mysteriously ends up in your account seems like a recipe for disaster.)

take A cautionary tale by Colin Spadoni, dispatcher 911 in Louisiana who early 2021 got $1.2 million from the brokerage firm owned by Charles Schwab by mistake. In fact, the company originally intended to deposit only $82.56 into it fidelity account. Spadoni proceeded to buy a A car and a house within a day of getting the money and she refused to answer Charles Schwab when he called her asking for money.

last year, Spadone has been arrested For cash theft, fraud and illegal transfer of funds. In the end, Charles Schwab managed to recover about 75% of the money, but it is not clear what happened to the rest.

Folks, we already have a lot of issues, so let’s do ourselves a favor in 2022: don’t spend money unless you sign for it and know where it’s coming from.

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