Hannah Fletcher
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As student grants go, it was an improbably large sum. But when the cash machine told William Bowen he had £2 million in his account, he could think of no other explanation.
“I was surprised to say the least,” William, 16, said yesterday. “I thought it was something to do with the Government’s education maintenance allowance scheme, which funds sixth-formers to encourage us to stay in school.”
Pushing aside any doubts that he may have harboured about the sudden 66,666-fold rise in his usual £30-a-week payment, he made the most of the windfall and withdrew £300, the maximum allowed in any one day.
“My first port of call was Curry’s and I bought myself a new iPod and then I just went bananas around town. I bought a new pair of pumps, some jeans, T-shirts, the lot. It was like my birthday and Christmas rolled into one.”
On arriving home with his purchases he told his mother, Joanne, that he had received a “massive grant” from the Government. “She clasped her hand to her head and said, ‘What have you done?’ ” Mrs Bowen said: “I went straight to the bank and discovered that the account had been put £300 into arrears.”
The £2 million turned out to be an error linked to his new Visa Electron card. Mrs Bowen said that she was “really surprised” when the card was sent to him. It emerged this week that Lloyds TSB has been sending Visa-enabled debit cards to children as young as 11 without parental permission.
Now William, of Woodside, Shropshire, has to settle the debt himself. “I owe them £300 and my mum refuses to pay,” he said.
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I'm sick of all these old fogeys saying 'education is being dumbed down' and using that tired old line 'if this is what our education system is pumping out, we're doomed!'
I'd like to see you sit a current Maths A level/GCSE. I bet you wouldn't get a single question right.
Aziz, 19, Surrey,
Next time this happens, I suggest transfering the whole lot to a Swiss bank account and let Visa fight to get it back.
A year or two in the nick and hey presto, you're set up for life.
colin, london, england
Colin from Wokingham, you're nuts. How is bailing this kid out going to teach him financial awareness? Everybody else, come on, chill out. He's not really so stupid he thought he had been given 2million, he just took advantage of the mistake and had a good weekend. At 16 I might have done the same.
ed, Melbourne, VIC, Australia
Calm down bob. He was a young gullible kid who thought he hit it big.
Cant pin ALL the blame on him. the bank shouldnt of been so lax and allowed such a huge amount to be put in a under 19's bank account.
Jessica, London,
I expect William acted like most his age.
jane, Bristol,
Yes, and that's the tragedy. A 16 year old (ready to go out into the workforce, absolutely frightening...) who doesn't have the mental capacity to distinguish between a government handout of £tens per week and £2million.
Appalling.
Laura Roberts, London, UK
This generation need to learn there's no such thing as a free lunch.
They've had it easy for far too long, perhaps the coming recession will teach them about life.
Michael, Bedford,
Are we really supposed to believe that he thought he was 2million in the black because of a 'government student grant'. Little beggar tried to rip off a bank and yet there is no talk of prosecution?
No wonder kids are out of control when the government truly is soft on crime.
bob, london,
Duh, I guess he had never heard of 'too good to be true'.
Phil, Aberdeen,
I expect William acted like most his age. The banks act irresponsible giving kids cards and should be responsible for any debt that they may get into perhaps it will stop the banks encouraging people to get into debt.
jane, Bristol,
Hmm, "lucky" ?? for the bank he didnt withdraw the whole lot thats all I would say.
Kevin, London, United Kingdom
I think William acted how any person would have acted and his mother did the right thing by going straight the bank as soon as she realized what had happened.
Caroline, Wolverhampton ,
Colin, you think you get nothing for nothing? Have you seen our politicians?
Phil Bailey, shrewsbury, UK
Good for his mum. That should teach William some responsibility.
No relation - that I know of.
Howard Bowen, Essex, UK
This was the fault of the bank. However he should offer to pay back the bank at the rate of 50p per day, to be deducted by direct debit from his allowance of £30 a week (not much when living wage is said to b e £13,000 p.a. ) If the bank refuses let them take the student to court!
Peter K, London, London, england
I don't who's more stupid - the bank or the student.
John Tomlinson, Brentwood, UK
I think Mrs Bowen should pay of the debt. If she had taught her son a little more financial awareness (e.g. you get nothing for nothing) then he wouuld not have been stupid enough to spend the £300 in the first place! It's called parental responsibilty.
Colin, Wokingham, UK
I guess we can conclude from this that Maths GCSEs really have been dumbed down....
Ian Kemmish, Biggleswade, UK
well done to his mum formaking him pay himself. As a 6th form student you would think he had a little more common sense.
The banks need to be more careful in future or more silly young adults will get in to trouble.
It's hard enough opening a bank account for kids, so how can they get cards?
Norman Pitkin, London, uk
Mmmmm.... Not that education is being dumbed down, really?, but did this dullard really think he had been granted that money? And what of his first thought, spend, spend, spend, not there must be some mistake!
Dear God, if this is what our education system is pumping out, we're doomed!
Pete, St Albans, England