A growing number of bank customers are having their accounts shut down without much warning or explanation, leaving them without access to their money.
The banks do this when they suspect some form of bank fraud. But experts say in the majority of cases, no fraud is ever found, leaving customers to wonder, Why Me?
When we met Elad Nehorai and his family, they had been at a Bank of America branch in West Los Angeles for hours trying to get access to their life savings. That morning, when Nehorai tried to log into his online bank account, he got an alert.
Advertisement“Bank of America told me it was shut down. They refused to give me an explanation. They told me I would get my money after it was resolved,” said Nehorai. Which he says he was told would take 10 to 20 days.“All of a sudden I find out I’m broke. […]
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