A bank customer now faces a painful eviction after their account was closed ‘without explanation’, according to new reports.
The Bank of America customer has shared how they were left with no money after Bank of America abruptly closed their account.
A Reddit user who goes by Jorose explained the hardships they went through after their bank account was suddenly closed.
On the r/banking subreddit, they explained that they had a direct deposit pending and all of their bills were due the week the account was shut down.
They wrote that they were left with no money for gas or rent and were faced with an eviction notice due to it.
Their car insurance went unpaid and their entire family’s phones were disconnected as the phone bill went unpaid as well.
Furthermore, the family was forced to go to a shelter for their meals.
“We feel insulted to be labeled as criminals, to be treated as such, and be put in such a position that has caused harm to my family for believing in this bank,” they wrote.
“I have never known what it’s like to be without money, especially all of a sudden, we are down on our luck after doing everything right.
The only thing wrong we did was trusting Bank of America with our money, harming our well-being and mental health, [and] forcing me to lose the ability to provide for my family as well.”
Bank of America told the customer that they had sent a letter notifying them of the closure, but the Redditor said it was stolen so they never got it.
Ultimately, the bank never disclosed the reason behind why it closed the customer’s account.
Also Read: The US Treasury Direct is Now Freezing Customer Accounts
Other Banking News Today
A massive bank now closes a customer account with $130K in life savings after claiming the money was ‘inactive’.
Terry Johnston, of Utah, claimed Wells Fargo said the money was inactive, but she had deliberately set it aside.
She revealed that the money came from the sale of a home in California.
Johnston had four accounts with the banking chain but had received notices that one was inactive.
Months after receiving the first warning, she was told her account had been shut and the money sent away. The funds were later returned.
Johnston was stunned when the representative said the funds were considered “unclaimed property.”
“How can you call it unclaimed property? This is our account,” she said.
Johnston searched online to see if she could find the money but was unsuccessful, reports The-Sun.
“She then called investigators at the Utah Unclaimed Property Division to see if they could help.”
David Damschen, the State Treasurer, told KSL: “The money never made it to their office.”
The case was investigated further and the money was found in an account that was being prepared to be sent to the Unclaimed Property Division.
A Wells Fargo spokesperson told KSL that the bank takes steps to send money to the state treasurer if they cannot get in touch with an account holder for 23 months.
But Johnston is not the only Wells Fargo customer who has spoken out about funds disappearing.
Ken Pischke, of Atlanta, claimed that $14,000 was wiped from his account relating to payments for a Mercedes car – even though he didn’t buy nor own one.
Wells Fargo said the transactions had been authorized and Pischke and his wife could not get the money back.
Also Read: A US Bank is Now Denying Customers Access to Money
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