Bank mistakenly sends £130m to 75,000 Customers on Christmas Day

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On Christmas morning, tens of thousands of people received a gift from an unexpected benefactor: Santander.

On December 25, the bank made a mistake and deposited £130 million into 75,000 accounts.

According to The Times, Santander's employees are now frantically trying to reclaim the funds, which is made more difficult by the fact that much of it was deposited in competing banks' accounts.

images 15 Bank mistakenly sends £130m to 75,000 Customers on Christmas Day
Excited About Bank Alert

According to the report, the error may have resulted in some employees being paid twice from their employer's account, with the second payment covered by Santander.

The bank stated that it has already begun discussions with competitor banks, including Barclays, HSBC, NatWest, Co-operative Bank, and Virgin Money, according to The Times.

These banks will "attempt to retrieve the money from their customers' accounts," according to Santander.

However, it was unclear how banks would react if their customers had already spent the money, putting them in danger of going into debt if they returned it.

Santander has stated that it may approach individuals personally in order to recover the funds.

"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 was 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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