Biggest bank blunder ever: NZD10K to NZD10M
It was reported back in May 2009 that Australian bank Wespac made the probably the biggest blunder any bank has ever made: instead of depositing NZD10,000 into the account of a Kiwi couple it added 3 more zeroes i.e. NZD10 million.
The couple had applied for an overdraft. Imagine their shock at finding the equivalent of USD6 million (more than RM20 million!) in their business account. That shock quickly turned into something else – they have now disappeared out of the country with part of the money.
Police said some of the money had been recovered.
Needless to say, the bank staff who was resposible for tapping the final “Enter” on one of the bank’s laptops authorising the transaction won’t be getting any sleep soon.
Source
The BBC, 21 May 2009
