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August 12, 2023

$99,000,000,000 Withdrawal Goes Viral As JPMorgan Chase Accused of Initiating Massive Transaction and Freezing Bank Account

By Daily Hodl Staff

An apparent banking blunder is going viral after a Reddit user reported a truly massive withdrawal from his JPMorgan Chase account.

A post shot to the front page of Reddit after the user said the bank abruptly withdrew over $99 billion from his checking account.

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According to the user, the withdrawal automatically caused his account to freeze, and all attempts to contact customer support for an explanation have failed.

Source: Reddit

“My checking account has been like this since last Monday and I’ve called Chase and been transferred to five different departments and nobody knows WTF is going on.

And I’ve got a mortgage due at the first of the month. Once this clears up, because of Chase’s incompetence I’m considering switching to Wells Fargo.”

This wouldn’t be the first time a JPMorgan Chase account has been overdrawn by $99 billion.

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In April of 2016, a woman in Chicago abruptly realized $99 billion had been withdrawn from her deceased mother’s bank account.

At the time, Chase told ABC News it was “investigating the issue”.

And in February of 2020, a woman in Texas was shocked to see that the account that she shared with her late husband was also overdrawn by more than $99 billion.

In response to that report, a Chase representative said it routinely places massive debt on accounts held by people who have passed away to protect against unauthorized withdrawals.

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