Thousands of Bank of America customers were taken aback on Wednesday when they saw zero balances in their accounts. According to the International Business Times, the zero balances were caused by a system issue that has subsequently been substantially resolved.According to Downdetecor, reports of a problem at Bank of America began about 12:30 p.m. ET.?
The number of outages peaked at 1 p.m., with more than 18,000 occurrences reported. Many of the reports came from major American cities, including Los Angeles and New York.
The problem prevented many consumers from accessing their bank accounts. Those who did log in were dismayed to discover that their bank balance had dropped to $0.?
Bank of America customers took to social media in droves after discovering their negative bank balance. Many people described the stress they felt when they feared their money had been stolen or otherwise lost.
Some customers also reported that, while the Bank of America website could not show their bank balance, it did display their debt without issue. Some customers reported that when they called the bank's automated phone lines, they received the right balance.?
Here's what some other people said.?
Bank of America confirmed the problem in statements to multiple news outlets.It declined to identify the specific cause of the outage. It is unclear when the system will fully recover.?
?"Some clients are experiencing an issue accessing their accounts and balance information today.?These issues are being addressed and have largely been resolved. We apologize for any inconvenience." the American multinational investment bank and financial services company said in a statement according to CNN.?
Also read:?Bank Of America Fined $225 Million For Allegedly Freezing & Mishandling Customers¡¯ Bank Accounts
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