An employee of the National Commercial Bank is booked for court after being charged with larceny and breaches of the Cybercrimes Act and allegations that she has been using a client's pension money to fund her education.
The woman, Chloe Reynolds, who is employed to a St Andrew branch of the financial institution, was reportedly arrested on Monday by detectives from the Organised Crime Investigation Division (OCID).
She is accused of stealing $400,000 from a customer's pension account.
OCID detectives are alleging that Reynolds carried out a computer wire transfer of money from the customer's account to her school account.
She is said to be a student at the Mona School of Business in St Andrew.
The money was then said to be used to pay her school fee.
She is booked to appear before the Corporate Area Resident Magistrate's Court today.