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Bank Accidentally Deposits $176 Million Into People’s Accounts on Christmas Day

posted by martyb on Monday January 03 2022, @06:40PM   Printer-friendly
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upstart writes:

Bank accidentally deposits $176 million into people's accounts on Christmas Day:

Thousands of people received a surprise gift on Christmas Day this year when European bank Santander accidentally deposited £ 130 million (US $ 176 million) in 75,000 transactions. their salaries doubled while the vendors got more than they expected.

Bank accounts operated by competing banks. "We regret that due to a technical problem, some payments from our corporate customers were incorrectly duplicated in the accounts of the recipients," a Santander spokesman told CNBC.

[...] "It ruined my vacation time thinking I accidentally paid hundreds of thousands. I thought I did something wrong, "a payroll manager reportedly told the BBC.

Just me and that I would get in trouble at work. The payroll manager added that Santander had not disclosed how companies should explain the second payment to employees, nor provided any information on the reimbursement, according to the report.

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  • (Score: 5, Insightful) by isostatic on Monday January 03 2022, @06:59PM (2 children)

    by isostatic (365) Subscriber Badge on Monday January 03 2022, @06:59PM (#1209598) Journal

    When they phone up saying “can we have their money back”, tel them that your money laundering policy means you assume it’s a scam, but if their CEO turns up at your house in person with two forms of identification, one from list A and one from list B, you’ll review the application

    • (Score: 0) by Anonymous Coward on Monday January 03 2022, @08:28PM

      by Anonymous Coward on Monday January 03 2022, @08:28PM (#1209620)

      Yes, yes, if this happens to me, i will do that. Unfortunately a) that will not happen to me and b) they will just take the money from the account and probably delete or atleast hide the transactions.

    • (Score: 0) by Anonymous Coward on Tuesday January 04 2022, @05:36AM

      by Anonymous Coward on Tuesday January 04 2022, @05:36AM (#1209711)
      Santander is a shitshow of a bank. They have no idea what their own operations are doing internally, they constantly change mailing addresses and locations, sometimes just swapping which department exists at a given mailing address--so they send your payments back to you, but then complain that they're late and charge a fee.

  • (Score: 2) by SomeGuy on Monday January 03 2022, @07:24PM (5 children)

    by SomeGuy (5632) on Monday January 03 2022, @07:24PM (#1209602)

    This time it is extra money showing up in people's accounts. What happens when everyone wakes up and their account contains $-4,294,967,296? No, nothing at all wrong with the bank. Time to pay up.

    I wonder if anyone managed to spend everything before they reversed the transaction?

    Also: glancing at TFA... "Download Flash Player to continue watching" WTF?

    • (Score: 4, Informative) by isostatic on Monday January 03 2022, @08:10PM (1 child)

      by isostatic (365) Subscriber Badge on Monday January 03 2022, @08:10PM (#1209614) Journal

      If you owe a bank $1 million, you have a problem

      If you owe a bank $1 billion, they have a problem

      • (Score: 1, Insightful) by Anonymous Coward on Tuesday January 04 2022, @05:28AM

        by Anonymous Coward on Tuesday January 04 2022, @05:28AM (#1209710)

        That’s because it’s
        A. A blogspot journal, and
        B. A paraphrased CNET story from someone who is semi-literate and is looking for easy money via referrals, fake clicks, etc.

    • (Score: 0) by Anonymous Coward on Monday January 03 2022, @09:56PM (2 children)

      by Anonymous Coward on Monday January 03 2022, @09:56PM (#1209638)

      PICTURE that in COBOL.

      • (Score: 0) by Anonymous Coward on Tuesday January 04 2022, @02:41PM (1 child)

        by Anonymous Coward on Tuesday January 04 2022, @02:41PM (#1209786)

        Picture the 20 year re-write in bloated, obfuscated, undocumented, uncommented Java.

        • (Score: 3, Funny) by DannyB on Tuesday January 04 2022, @05:35PM

          by DannyB (5839) Subscriber Badge on Tuesday January 04 2022, @05:35PM (#1209846) Journal

          The inability to rewrite the vast amount of corporate Java code is the reason for Java being one of the top programming languages.

          It's a feature.

          --
          Why is it so difficult to break a heroine addiction?

  • (Score: 3, Funny) by Runaway1956 on Tuesday January 04 2022, @12:00AM

    by Runaway1956 (2926) Subscriber Badge on Tuesday January 04 2022, @12:00AM (#1209667) Journal

    I wrote Santa, and asked him for £130 million. That number can't be a coincidence.

    --
    “I have become friends with many school shooters” - Tampon Tim Walz

  • (Score: 0) by Anonymous Coward on Tuesday January 04 2022, @01:22AM

    by Anonymous Coward on Tuesday January 04 2022, @01:22AM (#1209680)

    She accidentally takes millions from your bank account. But wait, it was no accident... it was wire fraud. Guilty as charged!

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