The British branch of Santander Bank mistakenly distributed on Christmas Day 130 million pounds (more than 150 million euros) that it intends to recover, Agence France-Presse confirmed.
On December 25, due to a “technical problem”, 75,000 payments made by about 2,000 professional banking clients were duplicated in the accounts of their beneficiaries, Santander assumed in a statement sent to AFP, confirming the information provided by The Times. .
The double transactions were deducted directly from the bank and “no customer was ever paid out of pocket,” Santander emphasized, noting that it was working “with several banks across the UK to recover” the amounts involved.
The beneficiaries of the remittances were mainly the workers or suppliers of some client company in Santander, who subsequently received their salaries or double payments.
The transfers were made to accounts at several other British banks, which the newspaper said complicates the refund process.
Santander said it had “quickly identified and corrected” the planning issue that led to the wrong payments, adding that it had opened “bank error recovery procedures” with recipient banks.
The British branch of Spanish bank Santander has 14 million customers and generated a net profit of more than £1 billion in the first nine months of 2021.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.