UK Bank Santander Accidentally Deposits $175 Million to More Than 70,000 Accounts Over Christmas

UK bank Santander granted tens of thousands of people across the United Kingdom a very merry Christmas this year when they accidentally deposited £130 million ($175 million) into 75,000 accounts on Dec. 25. The bank, which is headquartered in London, mistakenly sent payments from 2,000 business accounts twice to the more than 70,000 account holders and companies who were in receipt of normal one-off or regular payments. In a statement to The Times on Thursday, the bank apologized to customers for the blunder, which it blamed on a scheduling issue. “We’re sorry that due to a technical issue, some payments from our corporate clients were incorrectly duplicated on the recipients’ accounts,” a spokesperson said. “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.” The bank, which is owned by Spanish …

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