BML temporarily halts payroll and bulk transfers

Bank of Maldives (BML) has temporarily halted the instant processing of payroll and bulk transfers.

In a social media post, the national bank shared that it has halted the instant processing of payroll and bulk transfers via BML Internet Banking, as well as bulk transfers through Favara. BML stated that the request to make payrolls and bulk transfers should be submitted via mail.

This change was brought following the incident in which some accounts were accredited erroneously. BML said that the accounts were identified, and the reversals were processed. It further affirmed that no financial losses were experienced and assured customers that the systems were safe and secure.