The US Treasury Direct (TreasuryDirect) has now locked people’s money by prohibiting users from being able to log into their accounts.
Complaints of users being unable to access their securities for weeks to months has grown since the last reports.
Many TreasuryDirect customers have also reported having their accounts frozen after making deposits.
The inability to access money, especially through a federal department, is quite alarming.
“I’ve been unable to login for at least 24 hours- 8:25 am Eastern time 9/25 now. I may miss the 13 week purchase deadline today. I’ve never had a PRIVATE FINANCIAL INSTITUTION BE DOWN FOR SUCH ASN EXTENDED PERIOD OF TIME. GOOD JOB FEDS,” reports Fred Qwerty.
“Maybe an ooops that is a precursor to the full Fed Now rollout. Get used to not really owning anything tied to USD currency, it is just numbers on paper or a computer screen,” says Mark Doore.
“My account has been frozen since April right after I deposited $1,500 from a settlement. I mailed in the required form from my bank that was needed to unlock my account and it is still locked.
It’s sad to know financial institutions are basically taking citizens money like times aren’t already hard,” reported Tammarra Johnson to FrankNez.
This year many people have raised several concerns over their bank’s or financial institution’s liquidity issue.
Families have been evicted over frozen bank accounts and retirees have been stripped of their entire life savings.
Samuel Clemens says, “there’s no way to speak with them. Emails are ignored and written correspondence takes months. In the meantime, my accounts are frozen, and I do not have access to my money. If this were a private business, fraud charges would be laid!”
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!”
What is Being Done About Frozen Accounts?
The Better Business Bureau (BBB) announced that it has been flooded with reports of bank customers complaining of frozen accounts, particularly in Green Dot Bank.
The bank, which says it has 33 million customers, is being scrutinized by the Better Business Bureau over a “pattern and influx of complaints”.
A Green Dot Bank user says their family was almost evicted after the bank froze their account on ‘fraudulent charges’ and cancelled their card.
“After I had fraudulent charges on my account they cancelled my card and were supposed to resend one. This happened August 5 2023. I finally got a working card September 14 2023.
Was almost evicted, with my 2 children, missed countless bill payments and multiple days of work because I had no gas for my car. I’m beyond disgusted and in the worst financial position in my life. No Christmas or birthdays for my kids this year. Again,” says one user.
“I had accounts with Green Dot Bank(Go2bank), I closed them around 2 years ago and still haven’t received my refund in prepaid credit card, I sent proof of D.L and SSN.
Now they can’t find my accounts, but they send me monthly bank statements.
When I try to enter my name and password it kicks me off, and customer service hang up or put me on hold never answering again.
I am a cancer patient and veteran. $222.63 to a disabled person is a lot”, John Burnett reported to FrankNez.
A spokesperson at the Federal Reserve says the agency is aware of the new complaints against Green Dot, but can neither confirm nor deny whether there’s an active inquiry into the bank’s practices.
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