Article published: Sunday June 28, 2009
AUCKLAND: THE Westpac bank in New Zealand, which last month mistakenly transferred $NZ10 million ($8.06 million) into the account of a man who is still on the run, has been involved in another big-figure error.
The administration manager at computer firm Elite Business Systems, Graeme Richer, couldn't believe his eyes when he received a Westpac fax last week telling him $NZ4.3 million had been transferred into the firm's account by a client paying a bill. But the sum owed was just $NZ43,000. Mr Richer said the correct amount was transferred into the firm's bank account.
"We were hopeful, almost had our tickets booked to fly out to Hong Kong," he told The Waikato Times newspaper. A Westpac spokesman, Craig Dowling, said the mistake was "a typing error" on the fax. He said the most important thing was that the correct amount was transferred and that controls, including a verification process, were in place to ensure accuracy.
Last month, Rotorua couple Leo Gao and Kara Hurring skipped the country for Hong Kong after Westpac mistakenly put $NZ10 million into Mr Gao's account.
Mr Gao had asked for a $NZ100,000 overdraft. Westpac said most of the money had been recovered but $NZ3.8 million was still outstanding.
Source: The Sydney Morning Herald
http://www.brisbanetimes.com.au/world/forget-lotto-just-bank-at-westpac-nz-for-a-jackpot-20090628-d0u2.html
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