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Home/Banking News/A Massive Bank Is Now Freezing Accounts and Holding Money
Market News Today - A Massive Bank Is Now Freezing Accounts and Holding Money

A Massive Bank Is Now Freezing Accounts and Holding Money

By Frank Nez
May 15, 2024
2
Updated on May 16, 2024

A massive bank is now freezing accounts and holding money hostage according to new customer reports, a growing trend in the sector.

When Joe Redburn realized he couldn’t access his account, he called Bank of America for help, reports The-Sun.

The branch manager told him she couldn’t access the bank account either and had to call corporate, he wrote in a Facebook post.

“She called corporate and was told there was ‘suspicious activity,'” he said.

“I contacted the government agency that oversees the banks.

They have a web page for filling complaints.”

“I filed six complaints before I got my money back.”

Fellow Facebook user Theresa expressed her frustration after dealing with fraud on her Bank of America account.

“If you [are] banking with Bank of America, check your account. Someone got me for $48,234 yesterday and $2,000 today,” she wrote.

Theresa claimed that this was the second time her account had been hacked without any alerts from the bank.

“What the f**k this is the second time in one year. I’m done with them,” she wrote, alleging that the bank didn’t even text her.

“It’s just crazy how someone can get into your account and take your money.”

In the comments, others shared similar stories.

“I closed my account two to three years ago when they did something similar to me,” wrote one person.

They claimed the bank charged them for closing the account.

“I hope I don’t have those problems because as soon as my stuff switches over I’m out,” Theresa replied.

Bank of America says it will attempt to contact clients if it suspects fraud on their accounts.

The bank’s Online Banking Security page warns that it would never send emails with instructions to share personal information, including Social Security numbers and PINs.

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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy

Market News Today - A Massive Bank Is Now Freezing Accounts and Holding Money.
Market News Today – A Massive Bank Is Now Freezing Accounts and Holding Money.

A massive furniture store is now closing after 100 years in business with no plans to keep operations running, sources confirm.

Union Furniture Company first opened in 1912, four months after the sinking of the Titanic.

Despite shifts in ownership throughout the years, the Becker family was able to keep the store’s doors open in Macon, Georgia, just over 80 miles south of Atlanta, until recently.

Simon Becker, the grandson of the store founder and his namesake, told LOCAL CBS affiliate WMAZ that he has been with the company since 1984.

“I spent 40 years here,” Becker said.

“My father and my uncle before me, my grandfather before that.”

He revealed to the outlet that approximately nine months ago, he decided he would need to close the store.

“But I don’t have anybody following me, so it was going to happen either now or sometime in the relatively near future anyway,” Becker said.

For 112 years, the Union Furniture Company has sold couches, coffee tables, washers, and more.

Becker told the outlet that the store has had repeat customers that go back 20, 30, and even 40 years.

“We’ve had the grandchildren of people we’ve done business with, do business with,” he said.

He called the decision to close “difficult” and “very emotional”, reports The-Sun.

Becker is planning to host a closing sale at the Macon store starting on Wednesday, April 24.

Everything in store is set to be sold with discounts as high as 50% off.

Once everything is gone, Becker said the store will officially close.

He told the outlet that he and his family are grateful to the Macon community that has been their home for decades.

“So thankful to the community for everything that they’ve done for us and we’ve done for them as well,” he said.

“Providing furniture for generations of people in the Macon community.”

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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

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Market News Today - A Massive Bank Is Now Freezing Accounts and Holding Money.
Market News Today – A Massive Bank Is Now Freezing Accounts and Holding Money.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    May 6, 2024 at 10:36 pm

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  2. Frank Nez says:
    May 6, 2024 at 10:35 pm

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