Bank error gives woman billions

Child allowance cheque arrives for £7bn - that's a lot of nappies

Written by Nick Farrell

Following an error at a Swedish bank, a woman was credited with a sum of money twice the size of the country's defence budget.

When Gun-Britt Marklund checked her account to see whether her monthly child allowance cheque had arrived, she found that the government had very kindly given her more than 93 billion kronor (£7bn).

The mother of three told Associated Press: "You never see amounts like this. I thought that this money doesn't belong to me, and that something must be wrong."

On Monday, she informed the ICA Bank of her inflated child allowance payment. A spokesman said that an employee had punched in a few too many zeros when making the payment from the social insurance office into her account.

Unfortunately for Marklund the transaction was cancelled and she lost not just the 93 billion kronor but the 15 million kronor (£900,000) in interest that had accrued over the three days before the error was detected.

The bank had the goodness to send her a bouquet of flowers along with its apologies. "We hope she'll be happy with that," the spokesman said. "But it is of course very difficult to find compensation on this level."

Tags:

Further reading

Related articles

IBM pays out $745m for Telelogic

Another round in the 'pitched battle' for software development   More...

Nokia to pay off staff in axed German factory

Bochum employee representatives reach agreement with mobile giant   More...

Do you agree?

Advertisement

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Watch

16 May 2008

2.97 MBXP on OLPC, broken dreams and Yahoo fights back More...

15 May 2008

3.28 MBDark fibre, mobile TV and solar power More...

14 May 2008

2.66 MBOnline inequality, mobile thumbprints and corporate raids More...

Poll

HOME WORKING

HOME WORKING

Do you let any or all of your employees work from home?

Previous poll results

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Spotlight

OLPC

OLPC to ship with Windows XP

Microsoft teams up with One Laptop per Child project   More...

The Sims

The Sims goes flat-pack with Ikea

Virtual world gets Swedish wood   More...

Advertisement

Microsoft-Yahoo

Yahoo board fights back at Icahn

Investor accused of 'significant misunderstanding' in Microsoft saga   More...

MySpace

Woman charged over MySpace suicide

Lori Drew indicted on federal charges   More...

Advertisement