Third-Largest US Bank Adds $81,000,000,000,000 To Customer's Account Balance in Massive Payment Error - The Daily Hodl

Fat Fingers: Citigroup Mistakenly Deposits $81 Trillion to Customer

$81 trillion was erroneously credited by Citigroup, as the customer was only meant to receive $280. The payment bypassed all Citigroup controls and had to be reversed several hours after its execution, which the bank refers to as a “near miss.” Citigroup Payment Fumble: Erroneous $81 Trillion Transfer Bypasses Controls Citigroup, one of the most…

Third-Largest US Bank Adds $81,000,000,000,000 To Customer's Account Balance in Massive Payment Error - The Daily Hodl

The third-largest bank in the US accidentally credited trillions of dollars to a customer’s balance in a massive payment error, according to a new report. While attempting to add $280 to the customer’s balance, Citigroup mistakenly credited the client with $81 trillion, reports the Financial Times. The payment, for an account in Brazil, was manually executed due to sanctions concerns using a rarely-used system – with an employee failing to corre…

By Redacción de Sin Comillas Citi deposited $81 billion into a client’s account by attempting to send only $280. The transfer was made in April last year and until now had not been reported. Payment was returned a few hours later. The bank reported the error to the Federal Reserve and the Office of the Currency Controller. Five years ago, Citi mistakenly sent $900 million to creditors for a Revlon company debt. Last year, the financial instituti…

Citigroup Accidentally Credited $81 Trillion Instead Of $280 To Client's Account

The US bank, Citigroup recently made headlines after mistakenly crediting a client’s account with a staggering $81 trillion instead of the intended $280.