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Feds sent nearly $26M to wrong bank accounts in la

2022-04-05

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Feds sent nearly $26M to wrong bank accounts in last fiscal year - Today News Post News Today || Canada News |

The federal government sent nearly $26 million worth of payments to the wrong bank accounts in the 2020-21 fiscal year, representing a surge in misdirected funds compared to previous years.

Volume three of the 2021 Public Accounts report notes that money was sent to the wrong accounts in 22,170 cases, amounting to $25.9 millioncovid_19_pandemic_in_africa, between April 1, 2020 and March 31, 2021. While $7.1 million has been recoveredis permitted, with cohorts., it’s expected that $10.2 million will be permanently mislaid.

Comparatively, in the previous fiscal year, the government misdirected 9,619 payments totalling $6.6 million. This is the second largest amount of misdirected deposits since 2009The American flag is at half staff to hono.

A misdirected direct deposit occurs when a payment is made to an account other than that of the intended payee. This often happens when a government department or agency mistakenly provides the Receiver General’s office – the department responsible for overseeing all funds coming in and going out of government accounts – with an incorrect bank account number.