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Man becomes billionaire for five hours..  email this discussion to a friend?

myLot reputation of 96/100. nrtan2000 (1104) 2 years ago

This article actually struck me when i saw it after opening yahoo.com.
The article says:
When a man checked his account at a bank he was surprised to see that his balance became $88,888,888,888.88. This was said to be a technical error on the side of the bank but it was also stated that this is a frequent bank error being committed.
It was also nice to hear that the man have the heart to donate some to charity even though he was not allowed by the bank representative to move the said funds.

I have also heard this happen once to another person when he figured out about the same kind of error committed by the bank to his account, he immediately withdrew all the money and closed his account before the bank could have traced the error committed to his account. Though i did not know if the bank had collected the money from him but i think it was not more than a thousand dollar.

Have you also experienced/heard of the same kind of incident before?
What would you have done if you become a billionaire for five hours? hehe.

 

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tags:  money, bank, account, billionaire, account balance
 
1. myLot reputation of 85/100. louierrific24 (706)   ranked 6,342 out of 19,273 in questions & answers   2 years ago

I also read that article. The man said that he ask the bank rep to transfer the money into an interest-bearing savings account and the interest be given to charity. LOL

But U.S. laws were clear on the matter. If such error occurred you would have to give the money back.

HAHA..happy

If I would become a billionaire for five hours I'll withdraw the account and distribute it to my relatives' and friends' bank accounts. happy

They will have a hard time tracing where the money is.

Cunning!!cool


myLot reputation of 96/100. nrtan2000 (1104)  2 years ago

Even he could not get the money for himself he still thought of ways to donate something to charity. I think the person would really be lucky of the bank had some raffle promos wherein they would randomly give money to their client to increase the number of people doing their business with the bank although we all know that its really quite impossible since banks are profit organizations and not charitable organizations.
It think the bank would still be going after you if you would be withdrawing the money to your account and giving it away to your relatives. And even getting the money out of the bank could even be harder since you could not withdraw it all in an ATM since some ATM's have a maximum withdrawal limit and if you would be withdrawing it inside the bank they would also trace that error made to your account.
I think that error is quite impossible to happen since in banks especially here in our country unless someone intentionally does it and i have heard that happen but only small amounts of money only not reaching millions if ever they commit errors.

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2. jadchin (58)   2 years ago

I wanna be him. I'd give it to poor people.


myLot reputation of 96/100. nrtan2000 (1104)  2 years ago

Its quite easy to say that when you still not have the money with you but when you already have it you might even change your mind. hehe. But i think its also nice to share some of those blessings if they were real to those people who need it more than us. Since most of us already have a simple living and its better than those who could not even afford to have a simple living especially those who live on the streets and those who worry on where they would get their next meal. They would even reach the extent of going through peoples' trash. Quite hard to imagine but its really happening today.

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3. myLot reputation of 85/100. rene12 (576)   ranked 4,282 out of 19,273 in questions & answers   2 years ago

I will be overwhelmed when that will happen to me. First thing Ill do is to put it to paypal account and transfer it to another bank account but that just the other side of my conscience :D


myLot reputation of 96/100. nrtan2000 (1104)  2 years ago

I think that would be hard to do without being detected by the bank unless you could transfer all those funds to paypal online without the need to visit your bank. hehe.

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4. myLot reputation of 97/100. jpso138 (5556)   ranked 121 out of 19,273 in questions & answers   2 years ago

Well, in my case, I would tell the bank of such error. One way or the other the bank will notice such error later on. From what I think, even if it is the error of the bank, they have the right to recover such money. So if we spend it or transfer it to other accounts we would still be liable for such and be obligated to reimburse. Better tell the bank early rather than spend the money that is not yours and practically pay for it later on.happy


myLot reputation of 96/100. nrtan2000 (1104)  2 years ago

I think banks would usually detect such errors in a few hours or less especially if it is a human error committed. And i think that is true that the bank would still run after your if you run away with the money that is not yours.

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5. myLot reputation of 90/100. laxmi123 (578)   ranked 2,301 out of 19,273 in questions & answers   2 years ago

if i becomes billionaire for five hours...
when i hear about that then i become a mad.hehehe
i can't remember that.so then my parents bring me to hospital.and next you know that what is happening.


myLot reputation of 96/100. nrtan2000 (1104)  2 years ago

Do you mean you would go mad after becoming a billionaire?
I think it depends on which country you are from to say that being millionaire would be considered as rich. In some countries where their currency is quite low in value,its quite normal for them to carry around millions of their currency since the purchasing power of their currency is quite low. As what i have observed in some movies like Korea. They would actually need to carry lots of money so that they could just buy food from fast food chains. So i guess someone having millions in their currency could not be considered really as rich. I just wonder if that is the case what can one Korean won buy if things are really expensive in their place.


myLot reputation of 90/100. laxmi123 (578)   ranked 2,301 out of 19,273 in questions & answers  2 years ago

may be you are right.but i am from India.so i don't think so.anyway i have just said .happy mylotting.have a nice day

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6. myLot reputation of 99/100. mtdewgurl74 (11320)   ranked 145 out of 19,273 in questions & answers   2 years ago

What would I do if I found this error at my bank? First I would be stunned..but I would have to tell them..because I know my luck is never that good..and if I spent the money I would just have to return and pay everything back.. But lord that is alot of money..more then I could spend in my lifetime..especially living the way I do..


myLot reputation of 96/100. nrtan2000 (1104)  2 years ago

I also agree to that too. Why try to spend something that is not even yours.. You could even end up paying for things that your really dont need if the bank runs after you since bank would eventually discover such error and if not that money could even belong to someone.


myLot reputation of 96/100. nrtan2000 (1104)  2 years ago

But i think five hours is quite slow for banks to detect such error. I think the most they would need to detect such errors is less than an hour especially if the amount is that big. I think five hours would only be reasonable for small amounts of error committed like a few hundred dollars.

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7. myLot reputation of 90/100. newuserptc (2351)   2 years ago

That was huge amount for an error what if the man is so greedy and withdraw 10 million and get out of the country and gone no trace at all since it was a huge amount. Do you think the bank may bankrupt because of that error. Is it really an error or some one is transferring funds from other account and put it in a wrong account I have heard story like this where in the bank executive trying to steal money from his own company which is the bank he is working. He tried to transfer a huge amount of money to his friend account he did it not once but more than twice but he make mistake on transferring the money he had mistaken the last digit of the bank account so then the board members investigate all his financial records and soon they knew that he is stealing money on the bank.

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8. myLot reputation of 45/100. jea_pinka08 (108)   ranked 6,098 out of 19,273 in questions & answers   2 years ago

why are you copying articles of others. I've read it in yahoo. You just copy all the article. Try to make your own discussion.:) Just reminding. Copying is bad!..

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9. myLot reputation of 97/100. sid556 (18644)   ranked 3,120 out of 19,273 in questions & answers   2 years ago

Hi nrtan,

I've heard of the banks making this sort of mistake a few times. I would not spend it. I'd call them and tell them. If you spend it, you still have to pay it back even if it is their error since you KNOW it isn't yours and you KNOW it was an error then it would be considered stealing.

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10. myLot reputation of 69/100. Devilova (1911)   ranked 5,191 out of 19,273 in questions & answers   2 years ago

That had happen in Indonesia to, but the amount is in IDR.The man was shock when He see His bank account increase to IDR90.000.000.000.That worth about $90.000.000 for the current rate of currency.

He not doing anything axcept report it to the police, cause He affraid if that money was from a terorist or He will arrested cause He will charge as a terrorist.

What a world.

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