Bank Of America Customers Report Widespread Outage, Zero Balances

Bank of America customers on Wednesday reported having problems accessing their bank accounts or that their account balances currently show $0.

The outage started at around 12:30 p.m. E.T. on Wednesday, according to the tracking website Downdetector.

About an hour later, more than 20,000 user complaints were submitted via the website.

The Epoch Times’ Jack Phillips reports that numerous Bank of America users have posted screenshots of empty account balances on social media.

An Epoch Times staff member also reported not being able to log in to their Bank of America account.

Some users on social media stated that Bank of America had not yet alerted them to the issue.

Meanwhile, some users have reported having problems with Zelle, the digital payment system that is used by multiple banks and is owned by Bank of America and several other banks.

It’s not clear how many customers were impacted or when the problem will be resolved.

The Charlotte, North Carolina-based bank has not released details about what’s causing the issue.

On the social media platform X, Bank of America’s team was responding to complaints by asking for additional information.

However, it did not appear that the bank provided information about the nature of the outage or how long it could take to fix.

“Hi, we are sorry to see this. If you’re still experiencing the concern, please click below to let us know. Thank you,” one Bank of America representative wrote on X to a user who expressed concerns about logging in.

Another post said:

“Hello, your concern caught our attention. Please use the link below to connect with us and send additional details. We’d be happy to follow up with you.”

The Epoch Times contacted the company for comment on Wednesday but received no response by publication time.

Last year, fellow banking giant Wells Fargo issued an alert on its website after customers reported not seeing their paychecks and direct deposits in their accounts.

Several users on social media were quick to remind everyone of BofA CEO Brian Moynihan’s comments just a few years ago…

“Bitcoin is highly Speculative, you could wake up one day and your account would be worth zero.”

And it’s gone…

Bank of America Customers following Countrywide outages & their accounts showing $0.000

It’s all so obvious. pic.twitter.com/z6sL19ssMC

— Concerned Citizen (@BGatesIsaPyscho) October 2, 2024