Bank of America Wipes Out Balances with a "Display Issue" + BofA Helps Crook Buy a Lambo + We Rescue $1900 for Luke in Philly!

The Why Your Bank Sucks Podcast becomes "The Notorious Banker" on August 10th!

Last pod under WYBS is a big one. First we hit upon some breaking news with BofA. A major glitch online on 8-5-2020 has wiped out customer accounts to $0 aesthetically. Bank of America refers to it as a "Display Issue"... I discuss the insane Twitter backlash about this issue, and how some people have lost functionality with their accounts at the moment.

Bloomberg Article

Fox Charlotte Article

Then we talk about a story of a crook in South Florida who used Bank of America to get $4 Million in PPP Loans that he fraudulently got to spend on his lavish lifestyle include a Lamborghini and Dating Websites. We talk about How Bank of America likely stepped over smaller businesses to give this guy his $4 Million and how I know BofA swings for the fences with high-dollar clients more and more. Ridiculous Story

Tampa Bay Times Article

Plus, I talk about the story of Luke in Philly and discuss how Bank of America denied a claim for over $1900 for him. He wrote a check to his landlord, the check was stolen, washed, and rewritten in much different handwriting, and Bank of America STILL CASHED IT, and then DENIED HIS CLAIM. I talk about the stress he went through, how we cracked the case, and how long and insane the journey was.

Plus, we hope to have Luke on when we relaunch as "The Notorious Banker" next week

Meantime, no need to search for the new podcast. If you subscribed to me, we will be here, but with a new name and logo. Same great content, New Name, Same Badass Banker in yours truly. We also hope to have fun interviews and other commentaries about finances during these crazy times. Stick around. It will be fun!

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Visit our Twitter Page @BankBetterGuy -  Bank Advice, humor, observations, deals and  VIGILANTE CUSTOMER SERVICE & Host James B on Twitter @jamesbisright

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