A Western Australian man is terrified he has lost his life savings – a whopping $580,000 – after he received two unexpected emails from his bank that the entire amount had been withdrawn and his account closed.

Yet Bruce, who did not want his surname used, never authorised any transaction and has no idea where his money has gone – adding he can’t get any answers from the “space cadets” running the Ubank customer service line.

Ubank has confirmed to news.com.au that the emails are legitimate and are not a scam.

Bruce is worried the stress of the experience could have serious health consequences as he has spent at least 20 hours on the phone to Ubank trying to get an answer.

“I could have a bloody heart attack over this. I’m generally a relaxed sort of guy but I’m freaked out and it’s sure not doing my health any good,” he told news.com.au.

https://www.news.com.au/finance/busi...d1f2ed88188afd

Not exactly Bruce Wayne, is he

IKR, only would have been down 90%, and not 100

Bloody space cadets mate.

Close enough

This is why you buy gold bullion and hide it in the desert with a treasure map to its location. Kinda like the breaking bad guy did.

Why people have their life savings online is fukking beyond me

Small locally owned credit union or bank with a very low loan to deposit ratio

It’s not fukking rocket surgery and most of these people never have enough to even need larger institutions.

Guarantee Bruce had numerous warning emails to get his money the fck out of his account as it was closing

It was national news months ago warning people the bank was closing

From ubank, to u broke.

The bank is liable for this, at least if it where the US. Fact of the matter is that someone come in and just took it and the bank let it happen.

lol you done goofed!