An insider at a bank with branches across the US is accused of forging documents to steal funds from customers’ accounts. The Department of Justice (DOJ) says that while working as a teller at the unnamed bank’s branch in Boston, Massachusetts, Derek Aut lifted $180,000 from the accounts of two customers. To carry out his […]
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New numbers show customers at JPMorgan Chase, Wells Fargo and Bank of America are piling money into unprotected accounts. The lenders’ quarterly Call Reports, submitted to the Federal Financial Institutions Examination Council (FFIEC), show the banks customers now collectively hold $2.62 trillion in uninsured cash. US banks and the FDIC promise customers that deposits up […]
The post JPMorgan Chase, Wells Fargo and Bank of America Customers Holding $2,620,000,000,000 in Uninsured Deposits As Americans Pour Cash Into Unprotected Accounts appeared first on The Daily Hodl.
US lending giant Capital One says it’s working on a technical issue that’s preventing thousands of customers from accessing their money. The firm says a “technical issue experienced by a third-party vendor” is to blame, in a statement issued to CNN. The issue has triggered problems with payment processing and deposits across the firm’s consumer, […]
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JPMorgan Chase abruptly terminated a 10 year-old girl’s bank account for simply cashing a check, according to a new report. Ten year-old Kinley Maner raised and sold six chickens for a stellar $2,100 at auction, reports the Phoenix-based news station KTVK. Kinley received a check from the Small Stock Association and initiated an electronic deposit […]
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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.
