Vatican City, June 4, 2026

The treasurer of the US state of Illinois, Michael Frerichs, personally handed over Pope Leo XIV's former PayPal balance of $8.65 to him in the Vatican, bringing a curious bureaucratic episode involving the Pope to a conciliatory end.

The treasurer of the US state of Illinois, Michael Frerichs, traveled specifically to Rome to hand over an amount of $8.65 to the Pope. The money represents a remaining balance on a PayPal account from before the papal election in May 2025. The handover took place in the Vatican, as reported by the APA news agency on June 4, 2026.

The background to this action is a phone call that Leo XIV had with his bank in Chicago shortly after his election. The Pope had tried to change his personal details over the phone. When the employee expressed doubts about his identity, Leo XIV, according to his own account, asked if it made a difference if he told her he was the Pope. The bank employee then simply hung up and asked him to come to the branch in person.