Student's £100bn overdraft shock

Student's £100bn overdraft shock

news.bbc.co.uk

A student from Ayrshire was left in a state of shock when his online banking statement showed him to be overdrawn by almost £100bn.

Donald Moffat, 38, from Irvine, said that on Tuesday morning his Barclays account was showing two separate withdrawals of £50bn.

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Looks like the banks didn't need a bail-out after all - they could just debit a student account for the money instead!

Anyone notice anything about this incident? The speed at which it was correct. No £35 fine for exceeding the overdraft limit, etc..

It goes to show that everyone is being taken for a ride by the banks - money is not really much more than a bunch of numbers in a big database, yet they charge us for all kinds of transactions, whilst ALSO making money out of our money we deposited with them.

news.bbc.co.uk
(visit the link for the full news article)

I wonder if someone has managed to pull off a massive electronic bank heist some how?

That would make a fantastic plot for a book - maybe the banks will never admit to billions being stolen by a 19 year old at a terminal in a call centre

Prob just a mistake - but you never know.

Maybe a quick way to temporarily falsify figures for the bank.

A quick transfer into their balance for the record and then put things straight after the audit!

Bank = under the pillow.