People rush to double their money at a Queenstown ATM

by Tom van B | August 23, 2007 at 06:04 pm
658 views | 27 Recommendations | 5 comments

Photos

People rush to double their money at Queenstown ATM

People rush to double their money at Queenstown ATM

see larger image

uploaded by Tom van B

I should have been in Queenstown (New Zealand) on that day ;-) 

People rush to double their money at ATM

By SUE FEA - The Southland Times | Thursday, 23 August 2007

SUE FEA/Southland Times

Excited customers made a dash for "quick cash" after hearing that, to their delight, Queenstown's Kiwibank ATM machine was doling out "double your money".

Police said they were finally called by a concerned taxi driver who watched, perplexed, with fellow cabbies as queues of 15 to 20 happy, smiling people lined up from 10pm, texting their friends to say the ATM was "spitting out two for one".

"People were definitely aware of it," one taxi driver who did not want to be named, said yesterday.

"It was a backpacker bonanza.

"There were queues of 15 to 20 people at any one time for a good six hours from about 10pm until 4am ...," he said.

Kiwibank comunications manager Bruce Thompson said the cash boxes had been stacked incorrectly by a contractor responsible for filling the machine and, unfortunately, a lot of people "took the opportunity for a Tuesday night bonus".

Some people had already experienced "tinges of conscience," returning the money yesterday, while others were obviously hoping no one would ever follow it up.

The $10 notes had been stacked in the $20 box and the $20 notes in the $10 box, but someone had picked up on what was happening after receiving double the amount for a small transaction issued in $10 notes, Mr Thompson said.

"For example a small $20 transaction normally issued in two $10 notes was issuing two $20 notes," he said.

"This went on for several hours before we were advised and shut the machine down....."

Advertisement
recommend This comment thread is now closed
Jordan Yerman
Jordan Yerman
flagged this story as Good Stuff

at 22:18 on August 23rd, 2007

It just begs the question of each of us: "What would you do?"

Someone, somewhere is gonna get busted for this, most likely the guy or gal who stacked the machine. It's slightly different from finding a $20 in the street: in this case, the money isn't traceable to an individual, but the disbursement of these bills will be tracked back to a certain contractor. 

Having said all that, though, the amount that the machine would disburse in such a relatively short period of time would be negligable to a bank, who would easily recoup that amount in ATM fees in a given day... 

0
Tom van B

jordan, Thanks for that. Apparently a lot of the people taking the extra money were tourist from overseas. The bank says it's too much to track down. You are right, it is a small amount of money for the bank. Also heard today that some locals felt uncomfortable about it and have returned the cash to the bank - good new all-round!

Zlender
Zlender
flagged this story as Good Stuff

at 22:29 on August 23rd, 2007

Tom van B, I like this story. It's good stuff.

 I'm sure the bank will call and request money back from every person who withdrew money that day after all they have their account numbers. 

Brian A Kennedy
Brian A Kennedy
flagged this story as Good Stuff

at 05:56 on August 24th, 2007

Hilarious stuff- and yeah, the money would have had to have run out in a pretty brief period of time...

denseatoms
denseatoms
flagged this story as Good Stuff

at 10:50 on August 24th, 2007

I'd have loved to have been there. But, then again, I wasn't there when they were passing out good looks and brains. So, why should this be any different?

This story was created over 3 months ago, the comment thread is now closed.

closeSign in to NowPublic

is reporting from