A bank has denied that a Shropshire teenager’s account was wrongly credited with £2 million.
Lloyds TSB said an error had occurred which allowed William Bowen, aged 16, to withdraw £300 from a cash machine, even though the money was not his.
The A-level student, from Telford, bought an iPod and clothes and said when he checked his account later it showed £2 million.
Lloyds TSB said “an isolated fault” had allowed him to withdraw £300, which has since been re-credited to ensure he is not in debt. However, it said £2 million had never been displayed.
William’s mother, Joanne Bowen, said her son believed the £300 to be an overdue payment and bonus from the Government’s Education Maintenance Allowance (EMA) scheme, which gives students £30 a week to encourage them to continue their education.
Realising there had been a mistake, Mrs Bowen took William to the local Lloyds TSB branch to explain.
“The bank have been really good. They called me last night and I am happy.”