Loading...
Loading...
Browse all stories on DeepNewz
VisitWhat regulatory action will be taken against Bank of America due to the October 2 outage by December 31, 2024?
Fine imposed • 25%
Warning issued • 25%
No action taken • 25%
Other • 25%
Official announcements from regulatory bodies or credible news outlets
Bank of America Outage on October 2 Leaves 20,000 Customers with Zero Balances
Oct 2, 2024, 07:54 PM
Bank of America experienced a widespread outage on October 2, 2024, leaving thousands of customers unable to access their accounts or seeing $0 balances. The issue, which began around 12:45 pm ET, affected both mobile and online banking platforms. Reports indicated that over 20,000 customers were impacted, with some unable to withdraw cash from ATMs. According to Downdetector, around 17,000 customers reported issues. Bank of America acknowledged the problem and stated that they were working to resolve it. The outage caused significant concern among users, as many reported seeing their debts but no available funds in their accounts. CNN also reported on the incident.
View original story