Michael waged a one-man protest outside NAB on Thursday to win back his missing $4000. The bank contacted him on Friday with news.
The scandals gripping the big banks show no sign of letting up,and investors fear dividends could be the casualty.
National Australia Bank's new chief executive Ross McEwan says the bank must lift its game and has told senior executives to"fear me"if they have deliberately ripped off customers
ASIC has alleged NAB breached the law more than 12,000 times by charging customers fees for no service.
Proxy advisors are giving the green light to executive pay packets at NAB and ANZ ahead of both AGMs next week.
The Reserve Bank of New Zealand has been labelled"weak and ineffective"after it emerged National Australia Bank's subsidiary in the country struggled with anti-money laundering compliance.
Payments detailed in files leaked by a whistleblower breached the economic and trade sanctions policy of NAB subsidiary Bank of New Zealand.
Former ASIC chairman Greg Medcraft warns a decline in auditing could be the next black swan event.
The royal commission into banking is over and a new parliamentary inquiry will begin,raising the question:Will trust ever be restored?
The big four and their accounting firms defend multi-million dollar payments from banks to their auditors for lucrative consulting work.
Mathias Cormann said all those involved in the latest revelations should"explain themselves".