Sunday 18 February 2018

Man becomes €79m richer after banking error

Australian dollars
Australian dollars

Mark Molloy

What would you do if you woke up to find millions of dollars that don’t belong to you in your account?

Some may be tempted to go on a spending spree, although as one student allegedly found out, it’s probably not the best idea.

Melbourne man Matthew Pearce was left stunned when he checked his banking app and found someone had accidentally deposited 123 million Australian dollars (€79m) in his account.

“It actually gave me the option to transfer the money and BPAY it, so I could actively transfer money into someone else’s account,” he told Australia’s 9news.

“I was pretty shocked about it. I actually thought they’d actually paid me the money thinking I was someone else.”

The 30-year-old explained that he when he contacted Commonwealth Bank about the error, a staff member laughed and replied, ‘oh, that’s great’.”

He added that “nothing was done about the incident” until he received a phone call two weeks later from another staff member who said it was a “glitch in the system and it can happen sometimes”.

A spokesperson for the bank said: “We’re investigating how this could have occurred but I can confirm our CommBank app and NetBank are working as normal.

“Commonwealth Bank always encourages our customers to contact us any time of the day or night if they require assistance or to report any mistakes or unusual activity on their accounts.”

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