• A Reddit user reported that JPMorgan Chase withdrew over $99 billion from his checking account without warning.
• This isn’t the first time a JPMorgan Chase account has been overdrawn by $99 billion, as this also occurred in April 2016 and February 2020.
• The customer is considering switching to Wells Fargo due to Chase’s incompetence.
JPMorgan Chase Accused of Initiating Massive Transaction
A Reddit user has reported that JPMorgan Chase abruptly withdrew over $99 billion from his checking account, which caused the account to freeze. All attempts to contact customer support for an explanation have failed and the customer is now considering switching banks due to their incompetence.
Previous Banking Errors
This wouldn’t be the first time a JPMorgan Chase account has been overdrawn by $99 billion. In April of 2016, a woman in Chicago realized her deceased mother’s bank account had been affected and in February of 2020, a woman in Texas found out her joint account with her late husband had also been overdrawn.
When asked about the issue, a representative from Chase said it routinely places large debts on accounts held by people who have passed away in order to protect against unauthorized withdrawals.
The story quickly spread across social media platforms like Reddit where users expressed their shock and outrage at the massive transaction occurring without any warning or explanation from the bank.
It remains unclear how long it will take for this issue to be resolved or if any other customers are affected by similar issues with their accounts at JPMorgan Chase.