BML halts payroll, bulk transfers through internet banking

Bank of Maldives (BML) has announced temporarily stopping payroll and bulk transfers via internet banking.

Besides this, processing bulk transfers via Favara has been temporarily halted as well.

The bank however, noted it would continue to accept bulk and payroll processing requests sent via email to [email protected].

While the bank has made the announcement of temporarily halting said services, it had erroneously credited billions of dollars into multiple accounts last Thursday. However, the issue was solved on the same day.

BML added that due to human error when processing bulk payments, large sums of US dollar were credited into multiple bank accounts.

"There has been no financial loss due to this isolated incident, which occurred with a recent change in bulk payments used for payroll processing," the bank said in a social media statement.