Police in a major US city are looking for suspects as reports of people receiving fake $100 bills spread across the community. Authorities in Clare, Michigan say at least five phony $100 bills were discovered inside an Isabella Bank branch, reports Newsradio WSGW. The bills all carry the same phony serial number and were deposited […]
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Big banks are battling for new customers in the US, with JPMorgan Chase now offering a total of $900 to entice people to switch banks. Chase’s offer is for people who open both a checking and a savings account and meet certain requirements. Specifically, new Chase customers receive a $300 bonus for opening a checking […]
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Banking giant Wells Fargo reportedly drove a customer’s account into the negative for days over confusion about a paper check. Sacramento resident and longtime Wells Fargo customer Gerald Monroe Mann says he wrote a $400 check – and soon after discovered $4,000 had been withdrawn from his account, reports CBS News. After spending hours on […]
The post Wells Fargo Accidentally Drains $4,000 From Customer’s Bank Account, Pushing Balance Into Red for Days: Report appeared first on The Daily Hodl.
JPMorgan Chase says it’s not responsible after an Ohio woman deposited $6,000 directly into a scammer’s Chase bank account. The scammer initially called the victim and pretended to be with Huntington Bank, convincing her that a fraudulent transaction would execute if she didn’t withdraw the cash from her account, reports the CBS-affiliated Cleveland 19 News, […]
The post Woman Deposits $6,000 Into Scammer’s JPMorgan Chase Account, Banking Giant Says Reimbursement Not Happening: Report appeared first on The Daily Hodl.
JPMorgan Chase, Bank of America, Wells Fargo and other US financial giants reportedly failed to stop a scam that wiped out an 85-year-old woman’s life savings. Annette Manes, a widowed social worker, is a victim of a scheme that drained $1.4 million over the course of 279 days, reports Bloomberg. Manes says the scammers, who […]
The post Scammer Drains $1,400,000 From Elderly Widow As JPMorgan Chase, Bank of America, Wells Fargo and Other Financial Giants Sit and Watch: Report appeared first on The Daily Hodl.
Big banks in the US are boosting the amount of cash they’re handing to new customers as the fight for deposits intensifies for the first time in years. JPMorgan Chase and Wells Fargo in particular are battling it out to curb deposit flight triggered by the Federal Reserve’s interest rate hikes, reports the Wall Street […]
The post JPMorgan Chase and Wells Fargo Offering $300 Cash As Banks’ Battle for New Deposits Intensifies for First Time in Years: Report appeared first on The Daily Hodl.
Americans are increasingly moving their hard-earned cash into higher-yielding financial products as US banks battle to stop deposit flight. People have increasingly grown weary of the low interest on deposits offered by banks and have now poured a record $6.15 trillion into money market funds, reports the Financial Times, citing data from the Investment Company […]
The post Investors Move $2,450,000,000,000 in Push for Easy Money As Wells Fargo, Bank of America and Citi Fight To Defend Their Deposit Base: Report appeared first on The Daily Hodl.
An alleged $92 million money laundering scheme went “right through” three of the largest banks in the US, according to a new report. A group of alleged drug runners and money launderers are accused of depositing hundreds of thousands of dollars in illicit funds into accounts at JPMorgan Chase, Bank of America and Wells Fargo, […]
The post JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report appeared first on The Daily Hodl.
A Wells Fargo customer says she’s shocked after the banking giant gave her fake cash during a seemingly routine withdrawal. Kam Ridley recently went to a Wells Fargo branch in Mississippi to withdraw cash and pay bills, reports the ABC-affiliated news station WAPT. Ridley then went to her other bank, Trustmark, to deposit the cash […]
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One of the largest banks in Australia is rolling out a plan to terminate cash and checking services. In an update on its website, Macquarie Bank, which has $267 billion in assets, tells customers that a digital-centered banking experience will begin in November. “In case you missed it, we’re phasing out our cash and cheque […]
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