Citigroup mistakenly credited a customer account with $81 trillion

[Allan]

An 81 trillion dollar transfer into a customer account. That's right...81 trillion.

Reuters —
Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues it has sought to fix, the Financial Times first reported on Friday.

The error, which occurred last April, was missed by a payments employee and a second official assigned to check the transaction before it was cleared to be processed the next day, FT said, citing an internal account and two people familiar with the event.

https://www.cnn.com/2025/02/28/investing/citigroup-bank-account-error/index.html

 

[Mycroft]

An 81 trillion dollar transfer into a customer account. That's right...81 trillion.

https://www.cnn.com/2025/02/28/investing/citigroup-bank-account-error/index.html

Seems to me Citigroup's check should have bounced. I mean, do they even have $81 trillion in their bank?

 

[Taylor]

Talk about printing money...

 

[Allan]

Seems to me Citigroup's check should have bounced. I mean, do they even have $81 trillion in their bank?

Just looked and their holdings are about 25 trillion. How does the system allow a transfer that exceeds 3 times their available holdings?

 

[Demon]

An 81 trillion dollar transfer into a customer account. That's right...81 trillion.

https://www.cnn.com/2025/02/28/investing/citigroup-bank-account-error/index.html

Wouldn't you know it wasn't my account.

 

[Allan]

Wouldn't you know it wasn't my account.

I'd try to spend it before they reversed it out. Put Barbados and Cuba on my credit card.

 

[Demon]

I'd try to spend it before they reversed it out. Put Barbados and Cuba on my credit card.

I'd buy Musk and send him back to South Africa.

 

[Jessie C]

I'd try to spend it before they reversed it out. Put Barbados and Cuba on my credit card.

LOL! Barbados, yes and Cuba? No. I'd be trying to buy:

Turks & Caicos​

St. Lucia: The Nature Lover's Paradise​

Barbados: The Cultural Haven​

Aruba: The All-Weather Winner​

Jamaica: The Adventure Seeker's Dream​

Dominican Republic: The All-Inclusive Champion​

Cayman Islands: The Diving Destination​

St. Barts: The Celebrity Hotspot​

Top 8 Contenders for the Best Caribbean Islands​

 

[Allan]

LOL! Barbados, yes and Cuba? No. I'd be trying to buy:

Turks & Caicos​

St. Lucia: The Nature Lover's Paradise​

Barbados: The Cultural Haven​

Aruba: The All-Weather Winner​

Jamaica: The Adventure Seeker's Dream​

Dominican Republic: The All-Inclusive Champion​

Cayman Islands: The Diving Destination​

St. Barts: The Celebrity Hotspot​

Top 8 Contenders for the Best Caribbean Islands​

St. Barts would probably cost the whole 81 trillion.

Better to buy Cuba and have 80 trillion left for Piña Coladas!