Money Disappearing From Bank Accounts
This is a scary issue.
Bank of America customers erupted on social media after money literally disappeared from their bank accounts with no explanation.
According to Fox, Money was disappearing from accounts because Zelle transactions were not going through or being processed correctly which resulted in money missing from people’s accounts.
Zelle is a payment processor that works with Bank of America which allows customers to send money to each other similar to apps like Venmo, CashApp and more.
One customer even stated, “I almost lost my mind when I saw $2,000 was missing from my account.”
Another customer said that Bank of America “magically disappeared a large Zelle transaction that HAD ALREADY POSTED.”
Bank of America then issued a statement explaining that there was a problem with processing Zelle transactions and was going to be fixed.
A spokesperson for Bank of America stated, “We did have an issue where there was a delay in posting Zelle transactions. It was resolved earlier today, so that all the transactions are showing in people’s accounts.”
A Zelle spokesperson explained, “We understand that a Zelle Network financial institution may have experienced issues processing some of their customers’ Zelle transactions, which has now been resolved.”
Democrat Senator Elizabeth Warren attacked Bank of America and said that they “are apparently failing customers again.”
“This should be fixed immediately and customers should be compensated. I’ve called out serious fraud issues on Zelle and this is their latest failure,” Warren added.
