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

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

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

Tens of thousands of people in the UK probably thought they had been particularly good at this last year when they saw their bank accounts on Christmas Day, which all had more money than they expected. Alas, Santa does not have enough money on the reserves to justify it grossly $ 176 million in payments, but the European bank Santander does, and it would like the money back, thank you.

It has come to light in recent days that due to a “technical problem, “Santander UK sent out millions to around 75,000 people and companies on December 25 who were not meant to receive this money. First reported by Times of London, were the payouts sent to persons who had already hosted paid by one of 2000 companies with accounts in Santander.

The bank mainly paid these people again, although the money for the extra payment approxme from his own box. It must hurt, but it’s probably much less painful than the anger of 2,000 customers if the situation is reversed.

According to New York Times, many of the 75,000 people who received the payments were customers of rival banks, including Barclays, HSBC and Virgin Money. In a statement to the outlet, Santander UK apologized for the mistake and said they would work with their rivals to get their money back. It will also use its own processes in the operation, but did not specify what they were.

“We are sorry that due to a technical problem, some payments from our corporate customers were incorrectly duplicated in the recipients’ accounts,” the bank told the Times. “At no time were any of our customers left out of their own pockets as a result, and we will be working hard with many banks across the UK to recover the duplicate transactions in the coming days.”

Gizmodo contacted Santander UK on Saturday to learn more about the technical error that occurred and to ask what consumers who received the incorrect payment should do in response. We have not heard back yet, but we will make sure to update this article if we do.

Even if it was the bank’s fault, those who received the money could end up in the most trouble, especially if they use it. (Maybe I’ve seen too many dramas, but spending money that mysteriously ends up in your account sounds like a recipe for disaster).

Toe warning story about Kelyn Spadoni, a 911 clerk in Louisiana as early 2021 received $ 1.2 million from Charles Schwab, her brokerage firm, by mistake. In fact, the company originally intended to deposit only $ 82.56 for her Fidelity account. Spadoni went on to buy one car and a house within a day after receiving the money and refused to answer Charles Schwab when it contacted her and asked for the money.

Last year, Spadoni was arrested for theft, fraud and illegal transfer of funds. In the end, Charles Schwab managed to get back around 75% of the money, but it is not clear what happened to the rest.

Folks, we already have too many problems, so let’s do ourselves a favor in 2022: Do not spend money unless you have signed up for it and know where it comes from.

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