Merry Christmas! Santander Claus made a $176 million payment mistake

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IRAQ-NEW YEAR-CHRISTMAS
Photo by HUSSEIN FALEH/AFP via Getty Images

Some tens of thousands of people woke up on Christmas Day to doubled wages and a higher-than-expected bank balance after Santander did an oopsie, depositing £130 million ($176 million) into accounts held by its UK customers. Santander would now like the money back, please.

The deposit mishap was the result of a mysterious “scheduling issue,” according to The Times, which first reported the story. The bank confirmed to The Verge that some payments were accidentally doubled. (Santander is characterizing it as a “technical issue.”) Those transactions included those from 2,000 businesses, as well as accidental deposits across 75,000 accounts of individuals and companies like a corporate Ebeneezer Scrooge who’d been scared into generosity.

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source https://www.theverge.com/2021/12/31/22861939/santander-uk-mistake-payment-account

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