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Next month, Barclays will shell out £100 million and repay more than 300,000 customers with a refund of hundreds of pounds each after the bank admitted it had incorrectly charged interest.
Barclays have described the paperwork blunder which will cost the bank £100 million next month as "technical documentary errors".
The error means the bank will have to pay 300,000 customers who have taken loans with the bank a refund of several hundreds of pounds each.
In a document Barclays confirmed it had identified "issues" with information contained in statements and arrears notices relating to customer loan accounts.
A £100m paperwork error made by Barclays will result in more than 300,000 customers who have taken loans with the bank each receiving a refund for hundreds of pounds.
According to The Times, Barclays admitted that it had incorrectly charged interest to people making personal loans after making mistakes on documents.
Customers will receive the refund next month as the errors are in breach of the Consumer Credit Act.