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Home Business

Bank mistakenly deposits greater than $86M into client’s account

INBV News by INBV News
December 2, 2023
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Bank mistakenly deposits greater than $86M into client’s account
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A client of Malaysia’s biggest bank opened her account only to seek out that greater than $86 million had mysteriously been added to her balance.

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When Hafidzah Abdullah checked in on her personal checking account at Maybank late last month, the bank’s app showed that she had 404,040,404.04 ringgit — or about $86.46 million USD — in credit.

“You’d think I hit the lottery, right?” Abdullah, the seemingly lucky recipient of the hefty sum, wrote in a LinkedIn post alongside a screenshot of her multimillion-dollar account balance — made much more impressive in a rustic where the typical household takes home roughly $22,000 per yr, in keeping with an area news site.

For reference, the typical American household brings in about $75,000 annually, per the US Census Bureau.

“Well, not likely — it’s glitches!!!” she added within the Wednesday post, which was earlier reported on by Bloomberg.

Hafidzah Abdullah was locked out of her bank accounts after Maybank mistakenly deposited some $86.46 million into her account. Hafidzah Abdullah/Linkedin

Abdullah’s post went on to rant about her experience with Maybank, which she claimed “decided to dam my account with none calls, message or notification in any respect.”

“They are saying money can’t buy happiness, but Maybank knows the best way to buy frustration,” added Abdullah, the director and co-founder of a human-resources firm.

The Post has sought comment from Abdullah and Maybank, which has roughly $203 billion assets under management and touts greater than 2,200 branches across 20 countries, primarily in South East Asia.

Abdullah shared her experience becoming an accidental millionaire in a LinkedIn post on Wednesday. Hafidzah Abdullah/Linkedin

Amid an array of commenters on Abdullah’s LinkedIn post agreeing that the bank has poor customer support and joking that the erroneous sum in query evidently points to “Error 404” — the infamous error message that appears in computer network communications — the bank’s head of group customer experience management, Shaikh Munir Ahmad, offered to assist.

In a comment on the post, Ahmad said he’d spoken with Hafidzah and she or he now could access her account.

In a subsequent reply, Abdullah revealed that the issue had been resolved.

“Now [I] can access my personal account & company account,” Abdullah wrote at some point after raising the problem on the social media site.

Maybank, Malaysia’s largest bank, has roughly $203 billion assets under management and touts greater than 2,200 branches across 20 countries, primarily in South East Asia. LightRocket via Getty Images

An analogous situation happened at an American bank back in 2019 when a teller at North Carolina-based Truist Bank, then often called BB&T Bank, mistakenly deposited $120,000 right into a Pennsylvania couple’s account.

There was one difference, though: the recipients of the dough had access to the accidental windfall — and blew through the funds inside just two weeks.

Robert Williams and his wife, Tiffany Williams, reportedly spent the cash on cars, bills and a camper — and even gifted friends as much as $15,000.

They were later arraigned on charges of theft and receiving stolen property.

The couple was ordered to pay back the six-figure bill they’d racked up.

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