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Bank Of America Lets Random People Withdraw Over $5000?! Crazy
October 23, 2021 at
11:24 PM
Thread Details
Last Edited by Samwise Gamgee October 24, 2021 at 03:54 PM
Asking for a friend .. How does Bank of America (BoA) just let someone withdraw over $5000 from an account, that isn't even theirs?
It didn't even come to BoA's attention. The friend noticed the withdrawal on their statement and it was at a branch they've never gone to. The friend then brought it to BoA's attention.
When people withdraw money, doesn't their computer show a photo (from a scanned license) of the account's owner? So the teller can compare that to who is withdrawing.
Reddit shows this has happened to others as well. It can take a long time to get the money back, while they investigate. Supposedly CFPB can help the consumer in these scenarios.
Consumer Financial Protection Bureau (CFPB)
https://www.consumerfin
What was your experience, if this has happened to you?
It didn't even come to BoA's attention. The friend noticed the withdrawal on their statement and it was at a branch they've never gone to. The friend then brought it to BoA's attention.
When people withdraw money, doesn't their computer show a photo (from a scanned license) of the account's owner? So the teller can compare that to who is withdrawing.
Reddit shows this has happened to others as well. It can take a long time to get the money back, while they investigate. Supposedly CFPB can help the consumer in these scenarios.
Consumer Financial Protection Bureau (CFPB)
https://www.consumerfin
What was your experience, if this has happened to you?
About the OP
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When I worked at a bank it was just a signature that came up on the computer and we compared them. Real scientific. That was over ten years ago, though.
It didn't even come to BoA's attention. The friend noticed the withdrawal on their statement and it was at a branch they've never gone to. The friend then brought it to BoA's attention.
When people withdraw money, doesn't their computer show a photo (from a scanned license) of the account's owner? So the teller can compare that to who is withdrawing.
Reddit shows this has happened to others as well. It can take a long time to get the money back, while they investigate. Supposedly CFPB can help the consumer in these scenarios.
Consumer Financial Protection Bureau (CFPB)
https://www.consumerfin
What was your experience, if this has happened to you?
My friend hadn't setup the alerts, yet.
When I worked at a bank it was just a signature that came up on the computer and we compared them. Real scientific. That was over ten years ago, though.
But it could have been the ATM at the branch.
But it could have been the ATM at the branch.
I think for a lot of people 5K would empty an account or at the least bounce a lot of checks?
The person got hold of my SSN (thanks to all the hacks), opened a new BOFA account (I had my account there as well). BOFA decided to link them.
The person then went in to deposit fraudulent checks for $5k in the new account and the teller gave them money from my account. When the check bounced, they took another $5k from my account (real genius). So for every $5k fraud check, BOFA took $10k out of my account.
The whole situation was nuts. They themselves could not explain this.
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The person got hold of my SSN (thanks to all the hacks), opened a new BOFA account (I had my account there as well). BOFA decided to link them.
The person then went in to deposit fraudulent checks for $5k in the new account and the teller gave them money from my account. When the check bounced, they took another $5k from my account (real genius). So for every $5k fraud check, BOFA took $10k out of my account.
The whole situation was nuts. They themselves could not explain this.
did bofa give back your money?
my brother was scammed $4000 a decade ago through online banking nigerian scam, and bofa refused to make it right.
they said it was because my brother actually made the transfer.
that implies that if anyone else made the transfer, you would be reimbursed.
The person got hold of my SSN (thanks to all the hacks), opened a new BOFA account (I had my account there as well). BOFA decided to link them.
The person then went in to deposit fraudulent checks for $5k in the new account and the teller gave them money from my account. When the check bounced, they took another $5k from my account (real genius). So for every $5k fraud check, BOFA took $10k out of my account.
The whole situation was nuts. They themselves could not explain this.
Wow. Then what happened afterward? Conclusion?
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