Feeds

Dear customer: you owe us $211 trillion

Wachovia Bank chases record-breaking overdraft

Security for virtualized datacentres

Most of us know what it's like to receive one of those "your account is £X overdrawn and unless we get the cash by noon tomorrow we're going to sell your kids for scientific experiments and break your mother's arms and legs" letters, so spare a thought for Joe Martins of Cobb County, Georgia, who was rather surprised to learn that he owed Wachovia Bank a cool $211 trillion - 70 times the entire US federal budget.

Martins had apparently closed an account with Wachovia and "made good on an outstanding check", as Atlanta's WSBTV explains. However, a swift letter from the bank insisted the closing balance was $211,010,028,257,303 in the red - with "no cents", as Wachovia kindly pointed out.

Martins reasonably explained: "I open up the letter and I look at it and I'm like, 'No, you've got to be kidding me'."

Wachovia also informed Martins that it was reporting him to an "agency that rates risky bank customers". He noted: "I don't own $211 trillion but because it is automated and reported to check systems, I assume it will be reported to my credit at some point."

Happily not, because Wachovia assured Martin last week it hadn't reported him for his reckless spending, and blamed the cock-up on a "word processing error".

The bank's vice president David Oliver said: "We can certainly understand how our recent correspondence with Mr Martins about his account would be cause for great concern. I can confirm that there will be no adverse effect on Mr Martins' credit report related to the letter he received. Also, I can confirm that this was an isolated error specifically related to his account." ®

Bootnote

Ta very much to Max Strempel for the tip-off.

Intelligent flash storage arrays

More from The Register

next story
Apple CEO Tim Cook: My well-known gayness is 'a gift from GOD'
'I have benefited from the sacrifice of others'
MEN: For pity's sake SLEEP with LOTS of WOMEN - and avoid Prostate Cancer
And, um, don't sleep with other men. If that's what worries you
Jim Beam me up, Scotty! WHISKY from SPAAACE returns to Earth
They're insured for $1m, before you thirsty folks make plans
Now: The REAL APPLE NEWS you need to know
OMG! Gravity's totes amazeballs. Calm down, George Clooney, not your film
Boffins who stare at goats: I do believe they’re SHRINKING
Alpine chamois being squashed by global warming
Let's make an app that POSTS your POO to APPLE HQ
Plus: It's OPEN WARFARE in the Linux greybeard world
Adorkable overshare of words like photobomb in this year's dictionaries
And hipsters are finally defined as self-loathing. Sort of
Not a loyal follower of @BritishMonarchy? You missed The QUEEN*'s first Tweet
Her Maj opens 'Information Age' at the Science Museum
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.