$31,000 bank mistake turns into major spending spree for teen

Posted at 5:59 PM, Mar 27, 2014
and last updated 2014-03-27 17:59:55-04

ATHENS, Georgia– A bank’s mistake turned into a major spending spree for an 18-year-old.

Athens Banner-Herald reported that a First Citizens Bank in Madison County, Georgia accidentally deposited $31,000 into the teen’s bank account.

The mix-up occurred, the bank told the paper, because several people with the same name have accounts at the bank.

When the person, whose bank account the money should have gone into called the bank, tellers started looking into the matter.

According to the Athens Banner-Herald, the teen had already taken out $20,000 in cash, and spent $5,000 using his ATM card.

Authorities told the teen he must return the money immediately.  The teen said he thought the money came from an inheritance from his grandmother’s estate.

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