Bank hands out £130m in Christmas blunder

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www.bbc.co.uk/news/business-59826345

Tens of thousands of people awoke on Christmas morning to a surprise from an unexpected benefactor – Santander.

The bank mistakenly deposited £130m into 75,000 accounts on 25 December.

Santander’s staff are now rushing to claw back the money, although the job is being made more difficult because much of it was deposited in accounts at rival banks, according to The Times.

The error occurred when payments from 2,000 business accounts were made twice.

“We’re sorry that due to a technical issue, some payments from our corporate clients were incorrectly duplicated on the recipients’ accounts,” the bank said in a statement.

“None of our clients were at any point left out of pocket as a result and we will be working hard with many banks across the UK to recover the duplicated transactions over the coming days.”

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