Thursday 25 June 2026

Australian man reveals how ATM glitch gave him 'unlimited' money before he blew millions of dollars in just months

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GB NEWS

Peter Stevens

By Peter Stevens


Published: 25/06/2026

- 06:26

'It was like discovering fire for the first time. It was extremely addictive,' Dan Saunders admitted

An Australian man has revealed how an ATM glitch gave him "unlimited" money - before he turned himself in.

In February 2011, then-29-year-old Dan Saunders stumbled across a technical fault in National Australia Bank's (NAB) ATM system while out drinking with friends.


Mr Saunders attempted to transfer $200 (£100) from his credit card to his bank account - which had only $3 - but the ATM said the transaction failed.

To his surprise, however, the money still appeared in his account - meaning he could have access to free cash whenever the machine underwent network maintenance - about one hour each night.

Through this loophole he was able to receive free cash without any record of the transactions being recorded.

He then spent the next four months blowing his newfound millions on private jets, exclusive restaurants, luxury hotels, limousines, champagne and gambling.

Mr Saunders has now reflected on his life in an interview on Australia's SBS Insight.

"It was like discovering fire for the first time. It was extremely addictive," he admitted.

Dan Saunders

Dan Saunders described how he spent his wealth on friends, buying them cars

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SEVEN NETWORK / TODAY TONIGHT

But Mr Saunders eventually turned himself into the authorities and was charged with 111 offences relating to fraud and theft.

He spent 12 months in jail before he returned to work as a bartender - earning $22 per hour.

He also described spending his money on his friends, purchasing them a car or a horse, which he said cost $50,000.

Mr Saunders said he had a lot of anxiety about his actions, fearing he would "get caught at any time".

ATM

Dan Saunders was able to use the ATM to withdraw cash without it affecting his balance

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GETTY

"I had nightmares about a SWAT team storming into my home, even though I didn't have any guns," he added.

He admitted his crimes to NAB in 2011 - but the bank did not respond, Mr Saunders said.

He said: "Eventually, I had to do what I thought was right so I told the media about what happened to get closure.

"I had lost myself as a person. I didn't know who I was anymore."

This led to an interview on Australia's A Current Affair - where he claimed he felt like a "rock star, but I probably looked like a fat white Kanye West".

He confessed his 12-month stint jail gave him the closure he desired.

"It felt so good - my brain is a bit different to everyone else's," he added.

He was also sentenced to 18 months of community service and ordered to pay $250,000 compensation to NAB.