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V12 2009 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 12, Number 21, May 24, 2009, Article 23

BANK ERROR IN COUPLE'S FAVOR: PAIR ABSCONDS WITH MILLIONS

Here's another non-numismatic item, but for those of us who dream of having the cash to finance our collections and libraries, here's how one dream came true. It pays to check your bank balance, and in the case of a New Zealand couple, it paid off big, according to this article from The Guardian -Editor
bank_error_in_your_favor A couple from New Zealand, for example, now have every reason to believe their local bank's motto: making the most of life.

The pair.. could hardly believe their luck when they checked their account at Westpac bank on 5 May, hoping to find their request for a NZ$10,900 (4,000) overdraft had been accepted.

Instead, the bank had deposited 1,000 times that amount: NZ$10m, or around 4m. With so many borrowers around the world constantly being told "no" by their creditors, here, finally, was a bank that liked to say "yes".

While their whereabouts remains a mystery, local reports speculated they may have fled to China or South Korea after transferring as much as NZ$6m to an offshore account.

The local newspaper, the Rotorua Review, said a police official had been sent to China to search for the couple.

To read the complete article, see: New Zealand couple flee after finding 4m in their bank account (www.guardian.co.uk/world/2009/may/21/new-zealand-millionaires-flee-westpac)



Wayne Homren, Editor

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