Forum Home
PC World Chat
 
Thread ID: 99961 2009-05-21 07:39:00 Would You Return It? pctek (84) PC World Chat
Post ID Timestamp Content User
775662 2009-05-21 09:33:00 One important issue that has yet to be addressed in the media is that Wespac bank is $10,000,000 short.

What impact will that have on it's customers?
pine-o-cleen (2955)
775663 2009-05-21 10:01:00 Probally return after charging interest, transfer and paper fees.

I recon you could get 30 to 40 grand out of them.

i doubt that by law they would want everything from interest to everything back :angry
Nomad (952)
775664 2009-05-21 10:14:00 $10 million is chickenfeed to a bank, pine-o-cleen . It's just numbers .

My question is how the hell did they cash it up? Bearing in mind the largest denomination in Kiwi dollars is $100, that's one huge piece of luggage you'd need to carry all that cash in!

And had it been transferred telegraphically, it would be easy to recover .

How do you walk into your branch and say "I'd like to withdraw $6,000,000 in cash please?"

No branch would carry that amount of cash (except maybe some of the larger branches in the main centres - the cost of carrying that amount of cash money is huge), especially in Rotorua! They'd have to order it in from the Reserve Bank .


***

I was flatting with a Kiwi guy in London (20 something years ago), who received, every three months, a deposit in his NatWest account of three thousand pounds odd . He told the bank a number of times that it wasn't his, but they did nothing about it . Eventually he got fed up telling them and 'adopted' the 12-15000 pounds he'd recieved over 12 months or so and used it to travel around Europe . I guess it belonged to someone who thought his investment was compounding interest - but the bank obviously stuffed up .

The bank eventually came knocking on our door for their money, but he was long gone . Never came back to NZ though, because he would have been arrested at the airport - living in Western Australia last I heard . . . .

If it was me, I would give it back and hope (probably forlornly) that the bank was ethical enough to provide some sort of finders fee . . .
johcar (6283)
775665 2009-05-21 10:19:00 I'd still rather win Lotto. :p pcuser42 (130)
775666 2009-05-21 10:27:00 My thoughts on this are that if the bank had accidentally taken $10m from me (which incidentally I don't have), I would expect it to be given back to me. Therefore, if they accidentally gave me $10m, I would give it back to them.

Here are the defferences:

1. You certainly don't have $10m;

2. The Bank certainly has much, much more than $10m

The above 2 statements don't belong to the same category and therefore your 'answers' are irrelevant. :D:D
bk T (215)
775667 2009-05-21 10:32:00 Maybe the bank will sue you for wasting their time / resources :thumbs:

Ya lucky they don't boot you in the guts or send a couple of Westpac asian employees on an assassin mission.
Nomad (952)
775668 2009-05-21 10:33:00 Here are the defferences:

1. You certainly don't have $10m;

2. The Bank certainly has much, much more than $10m

The above 2 statements don't belong to the same category and therefore your 'answers' are irrelevant. :D:D

It's the principle though - if someone hits my car in a carpark, I would expect that the driver will leave a note with their contact details, and pay for the damage they caused. Likewise, if I were to accidentally damage someone's car, I would expect that I'd pay for the damage I cause. I guess it's a "do unto others as you would have them do unto you" scenario.
somebody (208)
775669 2009-05-21 10:36:00 It's the principle though - if someone hits my car in a carpark, I would expect that the driver will leave a note with their contact details, and pay for the damage they caused. Likewise, if I were to accidentally damage someone's car, I would expect that I'd pay for the damage I cause. I guess it's a "do unto others as you would have them do unto you" scenario.

Correct me if I am wrong but isn't it a condition of insurance companies to never admit your fault :confused: Insurance companies are the other evil industry.
Nomad (952)
775670 2009-05-21 10:40:00 I was flatting with a Kiwi guy in London (20 something years ago), who received, every three months, a deposit in his NatWest account of three thousand pounds odd . He told the bank a number of times that it wasn't his, but they did nothing about it .

I had a similar situation in London in the '70s but for a lesser sum (under 1000 quid) . I went in straight away and told them it wasn't mine, but they did nothing, despite regular nagging . I even told the Manager but he didn't want to know, so in the end I used it to buy a VW Kombi to tour Europe, came back and sold it so that I could put the money back, told them again it wasn't mine and was again ignored (I suspect they had long-ago made good their customer's loss and didn't want to spill blood or start a witch hunt) and I even told them that I was soon going to close the account and leave the country .

I still have it if they want it, but only at 1970's exchange rates . I kept the equivalent amount aside here in another account for several years but finally gave up .

I guess good things can sometimes happen when idiots lose track of their funds, but I would never do a runner on $10m, honesty is the best policy and who wants to have to look over their shoulder for the rest of their life?

Cheers

Billy 8-{) :illogical
Billy T (70)
775671 2009-05-21 11:04:00 Get the NZ SIS to track them down overseas and kill them. prefect (6291)
1 2 3 4 5 6