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Citigroup customer credited with $81 trillion accidentally

In a massive human error, American multinational investment bank and financial services company Citigroup Inc. mistakenly credited $81 trillion to a customer’s account

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March 1, 2025
ECONOMY

Bhubaneswar: In a massive human error, American multinational investment bank and financial services company Citigroup Inc. mistakenly credited $81 trillion to a customer’s account. The accidental transaction occurred in April last year.

Per media reports, the bank was supposed to credit just $280 to the customer’s account. Initially, the error went unnoticed by the bank employees. However, after 90 minutes, a Citigroup employee spot the mistake and flagged the issue.

The bank promptly notified the U.S. Federal Reserve and the Office of the Comptroller of the Currency. Following an inquiry by the detective controls of the bank, the erroneous entry was reversed. 

In a statement, the New York-based bank confirmed that the incident had not impact on its operations or customers.

About the Author
Surya Narayan Pradhan

Surya Narayan Pradhan, the Senior Content Writer, has worked with Financial Express and Financial World in New Delhi prior to his association with OTV. (Twitter: @netizensurya).

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