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U.K. bank accidentally gave clients $175 million on Christmas — and now wants it back

Santander Bank UK (peter clayton/WikiCommons)

This bank got into the holiday spirit, but now it wants out.

British bank Santander U.K. accidentally sent an extra $175 million (£130 million) to clients on Dec. 25, and is now attempting to claw the money back.

Santander sent the extra money across 75,000 different transactions, which landed in 2,000 corporate and commercial accounts, CNN reported.

The bank said a technical glitch caused double payments, according to CNN. But it claimed all the extra money came from its own reserves, so no clients were left “out of pocket” — it was just free money for everybody else.

But nothing good can last: Santander wants the money back.

“We will be working hard with many banks across the U.K. to recover the duplicated transactions over the coming days,” the bank said in a statement.

Santander won’t try to reclaim money if it means overdrafting a person’s account, but otherwise wants as much back as possible, the Guardian reported.

The U.K. branch of Santander that messed up is owned by Spain-based Banco Santander.


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