The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

$17,000,000 Erroneously Sent To 9,238 Americans As Bank Glitch Derails State’s Payroll Process

by Mark Emem
June 7, 2025
in Fintech, Money

A payroll glitch at a US bank has led to thousands of state employees being paid twice their normal salaries.

A total of 9,238 employees of the government of South Dakota received double payments last month after a glitch at First Premier Bank, the financial institution contracted to perform payroll processing for the state, reports the CBS-affiliated news station KELO.

South Dakota’s State Auditor Rich Sattgast says more than 10,000 erroneous deposits have been made.

“[The glitch] affected 9,238 employees, which affected 12,136 deposits as many employees have their pay going to more than one bank account.”

The payroll hitch reportedly happened when one of First Premier Bank’s vendors was running tests on the payment services software.

Keloland cites South Dakota’s state treasurer, saying,

“A vendor who processes ACH [Automated Clearing House] transactions for First PREMIER Bank performed a backup and recovery test, which resulted in a duplicate file posting. This impacted many banks across the country.”

Efforts to reverse the erroneous transactions that resulted in the duplicate salaries started soon after the errors were discovered.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • Hotstuff Labs launches Hotstuff, a DeFi native Layer 1 connecting On-Chain Trading with Global Fiat Rails
    December 5, 2025
  • LayerBank Secures $2.3M in Pre-Seed Funding Ahead of ULAB Token Launch on Movement Network
    December 5, 2025
  • iAero Protocol Launches Token Sweeper, Distributes 5% of LIQ Supply to Stakers
    December 4, 2025
  • TrueNorth Raises $3M to Build Domain-Specific AI for Finance
    December 4, 2025
  • Uphold Files Application to Offer Tokenized Securities and Partners with tZERO on Infrastructure Services
    December 4, 2025
  • COINPAYMENTS becomes Global Partner of Aston Martin Aramco Formula One Team
    December 4, 2025
  • I-ON Digital Corp. Deploys $200M in AUM Backed by In Situ Gold as Treasury Expands Its RWA Strategies
    December 4, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$90,031.12
$90,031.12
2.8%
Ethereum
$3,086.18
$3,086.18
3.54%
BNB
$886.11
$886.11
2.53%
Solana
$135.04
$135.04
5.5%
XRP
$2.07
$2.07
3.46%

Spotlight

  • Analyst Forecasts Major Solana Breakout in 2026, Updates Outlook on Bitcoin, Ethereum and BONK
    November 28, 2025
  • Tether CEO Paolo Ardoino Responds to S&P’s USDT Downgrade, Says Stablecoin Giant Takes It With Pride
    November 28, 2025
  • Millions of Americans Receiving Up To $11,875 Per Person After DNA Testing Firm Loses Control of Customers’ Sensitive Information
    November 28, 2025
  • $25,000 Drained From Woman’s Wells Fargo Bank Account After AT&T Breach: Report
    November 29, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl