Man charged $12m for bankcard

A Wellington man was horrified to discover he was more than $12 million in the red after his bank accidentally over-charged him for a new bankcard.

On Wednesday, Adrian Rumney, a financial analyst, had ordered a new personalised bankcard with a photo of his choice, advertised at $9.95.

Instead, his account was debited $12.18 million, which he only discovered when an efpos transaction was declined, the Dominion Post newspaper reported today.

It took until late yesterday, after "countless" calls, for the bank to reverse the charge, Mr Rumney told the paper.

National Bank spokesman Robert Reid apologised to Mr Rumney and said the bank had changed some operating procedures to ensure it did not happen again.

- NZPA