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Citigroup mistakenly credited $81 trillion to a customer's account instead of $280 before reversing the transaction hours later, the Financial Times reported on Friday.

The error took place last April and was missed by a payments employee and a second worker before it was cleared to process the following day, according to the newspaper, which cited an internal account and two people familiar with the matter.

A third employee discovered the error an hour and a half after the payment was processed; the transaction was reversed several hours later, the Financial Times said.

No funds left the bank and the "near miss" was disclosed to the Federal Reserve and the Office of the Comptroller of the Currency, the report said.

"Despite the fact that a payment of this size could not actually have been executed, our detective controls promptly identified the inputting error between two Citi ledger accounts, and we reversed the entry," a Citigroup spokesperson stated in an email. "Our preventative controls would have also stopped any funds leaving the bank."

The incident did not affect the bank or the customer, Citi added.

The bank experienced 10 near misses of $1 billion or more in 2024, down from 13 such cases the prior year, according to the FT, which cited an internal report.

TUANKU:
81 what?

TUANKU:
81 what?

iLoveYouToo:
That they have that much money in their coffers is truly commendable. I’m blown away

iLoveYouToo:
That they have that much money in their coffers is truly commendable. I’m blown away

zed7:
Unbelievable. How do you mistakenly post 81 trillion dollars? Who even has 81 trillion dollars?

What's the total net worth of citibank? Perhaps, they mean another currency.

datola:
Ah ah. $81 trillions. For where

I couldn't believe any bank in the world could boast of such amount let alone mistakenly send it to a customer.

Truly, money dey where he dey o!

sofeo:
Great mistake.
Next is to freeze the account, if U.S self see that kind money, they become debt free and more powerful.