The Swiss Times - Swiss News in English

Bank Error: City of Zurich Wages Paid Twice

  • By The Swiss Times
  • 26 February 2024

Double Payday Glitch: Zurich’s 30,000 Employees Receive February Salaries Twice Due to Bank Error

Bank Error: City of Zurich Wages Paid Twice
Keystone/SDA – STEFFEN SCHMIDT

The city of Zurich has paid its 30,000 employees their February salaries twice.

The error was made by the bank, as the city and Zürcher Kantonalbank (ZKB) announced on Monday afternoon.

According to the press release, everything went correctly with the administration. A technical processing error occurred at the bank.

As a result, the salary payment for February was triggered twice. However, the 30,000 people affected cannot enjoy the additional salary – there is an obligation to repay it.

The sum of the overpayments amounts to 175 million francs. The ZKB is now working with the city on a solution for a simple repayment.

©Keystone/SDA

Most Read

Switzerland’s Economy Boasts CHF 61 Billion Surplus

22 March 2024
Switzerland’s Economy Boasts CHF 61 Billion Surplus
Switzerland's current account surplus reaches CHF 61 billion in 2023.

Swiss Franc Dips After SNB’s Interest Rate Cut

22 March 2024
Swiss Franc Dips After SNB’s Interest Rate Cut
Post an unexpected rate cut by the Swiss National Bank, the Swiss Franc weakens, especially against the US dollar.

Naysayers Were Right: There Was No COVID Pandemic in Switzerland

18 March 2024
Naysayers Were Right: There Was No COVID Pandemic in Switzerland
Fresh data released by the Swiss Federal Office of Statistics destroys the COVID narrative that a pandemic ripped through Switzerland.

Biognosys Elevates Biomarker Discovery with Advanced Plasma Proteomics

22 March 2024
Biognosys Elevates Biomarker Discovery with Advanced Plasma Proteomics
Biognosys unveils enhanced plasma proteomics services, achieving up to 7,000 protein groups' depth.

Stay in Touch!

Noteworthy

UBS Finalises Spin-off of Former CS Business
UBS Finalises Spin-off of Former CS Business
27 March 2024
Hemotune Secures CHF 14 Million for Clinical Trials
Hemotune Secures CHF 14 Million for Clinical Trials
26 March 2024