"I went to a Green Machine instant teller in Welland on Sunday to pull out $5 for gas," said Bordynuik, 20, a student...
Toronto Dominion official Beverly MacLean said the bank had so far accounted for only $400,000 in wrongly transferred money.
Error adds $1,191,825 to man's bank account [FIN Edition]
Toronto Star - Toronto, Ont. Author: Bill Taylor Toronto Star Date: Jun 27, 1990 Start Page: A.2 Section: NEWS Text Word Count: 233
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Student John Bordynuik was a two-day millionaire, thanks to a Toronto Dominion Bank computer mix-up.
"I went to a Green Machine instant teller in Welland on Sunday to pull out $5 for gas," said Bordynuik, 20, a student of nuclear physics and computer technology at Brock University in St. Catharines.
"I wound up with $400. I went back again and it gave me another $400. It was letting me pull out cash, cash, cash."
Curious to know just how much the Green Machine thought he had, Bordynuik began punching buttons to transfer $95,000 at a time from his chequing account to his savings account.
"I wound up with $1,191,825 in there," he said yesterday. "I'm keeping the slips as a souvenir of what might have been."
Bordynuik said friends urged him to "get a certified cheque from TD first thing Monday and transfer it to another bank. But I called TD instead to tell them.
"At first they kept saying, 'What's the problem? What's the big deal?' They seemed to think it was my money. Then I went in with their $800 and they were very grateful.
"I'm an honest man but I'm not very happy right now. My chequing account's back to where it was: $6.77 to be exact."
Toronto Dominion official Beverly MacLean said the bank had so far accounted for only $400,000 in wrongly transferred money.
What you should find more surprising if you do some research is that the $1 million was legally his after the banked insisted it was his. He legally could have kept the money because the bank officials certified it as his. If he had withdrawn it he could have legally kept it.
is that Canadian banking law, 'cause I doubt it's very common for most banking systems to work that way.....
What you should find more surprising if you do some research is that the $1 million was legally his after the banked insisted it was his. He legally could have kept the money because the bank officials certified it as his. If he had withdrawn it he could have legally kept it.
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