Bank Santander in the UK mistakenly transferred £ 130m to 75,000 different accounts, the bank said on Thursday. Santander said in a statement that it “is working with a number of UK banks to recover funds from duplicate transactions.”
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“We are sorry that due to technical problems some payments from our corporate clients have been duplicated in recipient accounts,” bank Santander in the UK reported on Thursday. The transfers, according to the BBC, were made on December 25.
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Santander stressed in a statement that “none of the customers have been deprived of funds” and that the bank “is working with many British banks to recover funds from duplicate transactions”. It was explained that some people had been paid twice from their employer’s account, although in fact the second payment was financed by the bank.
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A fatal mistake of the bank
Santander UK is a subsidiary of the Spanish Banco Santander – the British company has 14 million active customers and 616 shares. CNN noted that while the £ 130m payment was significant, it “paled” compared to the US Citibank’s mistake.
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The bank accidentally sent $ 900 million to lenders to the cosmetics company Revlon. In August, Citibank tried to recover $ 500 million from people who did not voluntarily return the funds, but in February a court ruled that the bank would not be able to get the money back.
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photo-source">Main photo source: EPA/ANDY RAIN
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