On Christmas Day, the British branch of Santander Bank mistakenly distributed 130 million pounds (more than 150 million euros), which it intends to recover.
On December 25, due to a “technical problem”, 75,000 payments made by about 2,000 professional bank customers were duplicated in the accounts of their beneficiaries, Santander assumed in a statement sent to Agence France-Presse (AFP), confirming the information that Presented by Agence France-Presse. British newspaper “The Times”.
The double transactions were deducted directly from the bank and “no customer was ever paid out of pocket,” Santander emphasized, noting that it was working “with several banks across the UK to recover” the amounts involved.
The beneficiaries of the remittances were mainly the workers or suppliers of some client company of Santander, who thus received their salaries or double payments.
Transfers were made to accounts in several other British banks, which, according to “The Times”, complicates the recovery of funds.
Santander said it had “quickly identified and corrected” the planning issue that led to the wrong payments, adding that it had opened “bank error recovery procedures” with recipient banks.
The British branch of Spain’s Santander Bank has 14 million customers.
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