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Source of Credit Crunch Revealed: It's a student from Ayr with 100 billion pound debt

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  • Source of Credit Crunch Revealed: It's a student from Ayr with 100 billion pound debt

    Student's £100bn overdraft shock


    Mr Moffat said he had been offered £10 compensation by the bank

    A student from Ayrshire has said he was left in shock when his online banking statement showed him to be overdrawn by almost £100bn.
    Donald Moffat, 38, from Irvine, claims that on Tuesday morning his Barclays account was showing two separate withdrawals of £50bn.
    He said the error had since been acknowledged and fixed.
    Mr Moffat claimed the bank had offered him £10 in compensation for the phone calls he had to make.
    The full-time student, who is also a part-time care worker, e-mailed a copy of his bank statement to BBC Scotland.
    It showed a debit balance on 30 December of just under £100bn.
    Mr Moffat said on Tuesday morning his wife had noticed "a major discrepancy of two £50bn debits" being taken out of his account.
    Compensation level
    "We knew we still had quite a bit left in the account as we checked last night before we went out," he said.
    "This morning I went out to get a few things, then, when I came back, my account was overdrawn by that amount."
    Mr Moffat said he had "been passed from pillar to post" after making the error known to Barclays.
    He also said he was looking for the bank to up its offer of compensation for the level of stress he had been put under in trying to resolve the situation.
    Barclays has yet to contact the BBC with a response to Mr Moffat's claims.

    BBC NEWS | Scotland | Glasgow, Lanarkshire and West | Student's £100bn overdraft shock

  • #2
    Re: Source of Credit Crunch Revealed: It's a student from Ayr with 100 billion pound

    lol!! - dear old Barclays!
    If you want to tell people the truth, make them laugh, otherwise they'll kill you.
    Oscar Wilde

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