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

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

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

Tens of thousands of people in the UK probably thought this was particularly good for them last year when they saw their bank accounts on Christmas and they all had more money than they expected. Alas, Santa doesn’t have enough money in his reserves to justify it $ 176 million payments, but European Bank Santander is doing so and wants its money back, please.

In recent days, it has turned out that it is due to a “technical problem””, On December 25, Santander UK sent millions to about 75,000 people and companies who were not allowed to receive that money. He was the first to report Times of London, the payments were sent to individuals who had already was paid by one of 2,000 companies with accounts in Santander.

The bank essentially paid these people a second time, although the extra money is approxme from my own coffers. It must hurt, but it’s probably a lot less painful than the rage of 2,000 customers if the situation is reversed.

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

“We are sorry that due to a technical problem, some of our corporate clients’ payments have been incorrectly duplicated in the recipient’s accounts,” the bank told the Times. “None of our clients have ever been left without a pocket as a result, and we will work hard with many banks across the UK to recoup duplicate transactions over the next few days.”

Gizmodo contacted Santander UK on Saturday to find out more about the technical error that occurred and asked 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 it was a mistake of the bank, the biggest problem could be the people who received the money, especially if they spend it. (I may have watched too many dramas, but spending money that mysteriously ends up in your account sounds like a recipe for disaster).

Take it a warning story about Kelyn Spadona, a 911 dispatcher in Louisiana who was early In 2021, she mistakenly received $ 1.2 million from Charles Schwab, her brokerage firm. In fact, the company originally intended to pay only $ 82.56 into it Loyalty account. Spadoni continued to buy a car and house within a day after she received the money and refused to respond to Charles Schwab when he contacted her asking for money.

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

People, we already have too many problems, so let’s do ourselves a favor 2022: Don’t spend money unless you signed for it and you don’t know where it comes from.

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