Sydney man charged over $450k fraud

A 19-year-old man will face court for allegedly withdrawing $450,000 after fraudulently gaining access to online bank accounts.

A Sydney man has been charged with illegeally withdrawing almost $450,000 after allegedly using a fraudulent form to access multiple bank accounts.

The 19-year-old was arrested at a Dundas Valley home on Thursday following a joint investigation by NSW fraud and cybercrime officers and the AFP.

He was granted bail to face Burwood Local Court in July charged with using a false document, knowingly directing the activities of a criminal group and dealing with proceeds of crime.