More US Banks Are Now Freezing and Closing Accounts

More US banks are now freezing and closing accounts according to several new reports from Chase customers, Credit Karma (MVB Bank), and others.

Last week I reported Eric Begley said his family of four are being affected by Credit Karma’s bank partner, MVB bank and are on the brink of being evicted.

His payroll has been frozen and the family is working with local state reps to look into the problem.

“Our family with 2 children are being evicted Monday so please everyone pray for our family that this gets resolved for us asap.

C.K. is purposely holding up these simple routing numbers & now my family’s lives are suffering.”

Keith Sowder says his family is experiencing the same problems with Chase, Credit Karma’s bank, and Cash App.

“This is happening to my Wife and I even as we speak…with THREE different Financial institutions. Cash app, Chase and Credit Karma.

Cash app froze her acct. in Jan. 2022, claiming there had been a security breech. They sent her a total of EIGHT cards…none of which worked they “claimed” because she didn’t receive and attempt to activate them in time.

Her money shows up as still there…she just can’t access it. Chase claims she had several fraudulent purchases she disputed, close her acct. and was going to send her her $1,700 in that account…that was in JUNE!

Still haven’t seen it ! Finally, she opened an account with Credit Karma…same deal, they froze that account for NO reason!

If anyone has any ideas on who we need to contact to get her access to her money…and to make these BASTARDS PAY….please let me know ! We have contacted Attorneys and State Reps…with absolutely NOTHING being done! Thanks!”

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

Banks Freezing Accounts Has Now Become A Painful Problem

Market News Today - More US Banks Are Now Freezing and Closing Accounts.
Market News Today – More US Banks Are Now Freezing and Closing Accounts.

Banks freezing accounts has now become a painful problem as more customers nationwide report inexplicable financial damage.

Some of the biggest banks, including Bank of America, Wells Fargo, and JPMorgan Chase have given customers a painful experience recently.

After reporting how families’ accounts have been frozen by MVB Bank and Green Dot Bank, several more bank customers have reported to FrankNez their current experiences with much bigger banks.

“Wells Fargo and now Chase have done me like this since 2019.

They recently froze my bank accounts 4 months ago trying to stop the purchase of my home and keep the account frozen every 2 weeks since then.

There are multiple issues with banks and freezing accounts with inadequate reasoning.

I have lawyers working on the case as well. Thank goodness I’m not the only person suffering and dealing with this issue,” says DeVonn.

Hurtis Woodruff from Alabama says he thinks big banks are taking advantage of the middle class as he seeks to sue Wells Fargo for fraud.

“Get a lawyer gather every bit of verifiable proof you can. Your local or high court will award you your money back and then some. They are doing this sh*t because people are not suing them,” says Allison Alexander.

By far the most reports seem to come from Walmart’s partner Green Dot, which has more than 33 million users.

The bank seems to lack liquidity with the number of reports coming to light of the bank preventing access to money.

Retirees money has been held hostage with many families resorting to having to use high interest credit cards and even miss bills completely.

Related: Banks Are Now Closing Thousands of Accounts Daily

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Market News Today - More US Banks Are Now Freezing and Closing Accounts.
Market News Today – More US Banks Are Now Freezing and Closing Accounts.

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6 Comments

  1. Michelle Bunker

    Truist bank froze my account for 3 months and then closed my account saying they suspected fraud when I received a wire transfer for the sale of a property that my boyfriend had sold. Every time I inquire about the money they say it’s being investigated which there’s nothing to investigate because they were sent copies of all paperwork they needed. They are keeping over $50,000.00 that doesn’t belong to them. I am furious. They are drawing interest from money that doesn’t belong to them. Banks are becoming the thieves with the government backing them.

  2. Elizabeth Mounce

    I was reading what the banks are doing to their clients. Oh my so scary .

    • Frank Nez

      Do you have more context? There are some wild stories out there!

  3. RICHARD

    BANK OF AMERIKA FROSE MY CA sdi prepaid acct on Thursday, after EDD deposited 2500. Im o a medical leave after having complex spinal surgery and have not been able to access my disability insurance bey that I worked for and contributed to my payout. This is not helping the recovery process and having a serious affect on my mental health. I’m 65 years old and have no family near me to assist and feeling such a distrust with how easy they seem to be able to do what they want. I didn’t even have a choice in dealing with them since EDD contracts those services to them.

  4. Frank Nez

    Leave your thoughts below.

    • John Smith

      Don’t trust those banks

      banks that do this , treat them like ,Bud light and boycott them.

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