A bank manager who allegedly stole from rich customers and put the cash into accounts of people on the breadline has been arrested in Germany.

The latter day Robin Hood has been accused of moving 830,000 from accounts of well off clients into those with nothing.

Investigators arrested the 57-year-old, who has not been named for legal reasons, after his bosses contacted the police.

According to the public prosecutor's office in Wuerzburg, Bavaria, they are looking at about 70 cases, and said the man had decided to redistribute customers wealth believing the rich would not notice the difference.