Bank of America

After a flurry of complaints about missing funds on social media, Bank of America said "there was a delay in posting Zelle transactions" that has now been ...

"I’ve called out serious fraud issues on Zelle and this is their latest failure." [GET FOX BUSINESS ON THE GO BY CLICKING HERE](https://www.foxbusiness.com/apps-products) [Sen. Change

Bank of America customers got unwelcome news Wednesday morning. The bank told some customers that their bank accounts were overdrawn.

This was an issue at Bank of America only,” said Bill Halldin, with Bank of America Media Relations. “I noticed that I didn’t even see that transaction listed and I had text confirmation that it had been received," she said. “I called the 1-800 number; didn’t have any luck there, twice it told me that I would have to call back at a later time,” Haynes-Heflin said.

Bank of America customers have taken to social media in large numbers, complaining about money missing from their accounts and other issues.

"The money was taken out. my account is in shambles," and "Bank of America is experiencing issues.... "This morning when I wake up to come into work I always check the account," said Lamier Brown of West Philadelphia.

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Some Bank of America members are in a frenzy due to allegedly missing funds in their accounts.

There’s a Bank of America issue where zelle transfers after 1/9 arent being reflected in the balances of ur bank account. Now I’m extremely in debt in my checking and I can’t get ahold of them. 18, due to an alleged outage impacting the systems of Bank of America and Zelle. [@BankofAmerica]magically disappeared a large Zelle transaction that HAD ALREADY POSTED and I had used to pay bills. What’s going on !?!? After waiting 45 minutes on hold they are literally started ending the calls !!

“Money missing from @BankofAmerica accounts. I'm one of those thousands of people affected it. Check your account now! @BofA_News #zelle #zelledown,” one ...

[Zelle](https://www.zellepay.com/) is a payment platform used by millions of people to send and receive money to friends, family, businesses, etc. [Forbes](https://www.forbes.com/advisor/money-transfer/what-is-zelle-how-does-it-work/), Zelle is a product of Early Warning Services, LLC, a fintech company owned by seven of America’s largest banks: Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. [Downdetector](https://downdetector.com/status/bank-of-america/), a consumer website, reported the issues happening with Bank of America around 10:30 a.m. Transfers will be completed and will appear in your account activity and balances as soon as possible. I have zero funds now. “I’m reaching out for help because the little money that I did have has been wiped out. It’s for sure BofA thats doing the public dirty. “If it’s Zelle having issues then wouldn’t the same thing be happening to other banks like US bank or Chase. If you’re banking with BofA make sure to check that your money hasn’t been transferred out of its account.” I’ve called out serious fraud issues on Zelle and this is their latest failure,” “@BankofAmerica and @Zelle are apparently failing customers again, with money somehow disappearing from accounts. Bank of America was trending on social media Wednesday after many customers discovered that money was missing from their accounts.

'We overachieved on the hiring side,' CEO says from Davos · Consumer remains resilient as mild recession looms, he says.

“I’ve been telling people we’re going to have enough people do a great job for our customers, but let’s be careful.” The bank’s attrition rate slumped last year, he said. [Bank of America Corp.](/quote/BAC:US) got ahead of where it wanted to be on staffing as the lender’s attrition rate started to cool over the past year, Chief Executive Officer Brian Moynihan said.

Bank of America Chief Executive Brian Moynihan told the World Economic Forum in Davos that official global standards on sustainability and climate were ...

Liikanen said it would then need adoption and endorsement around the world. Somebody would think this issue's important or this way to talk about it is important," he said. Environmental, social, and corporate governance (ESG) initiatives are increasingly discussed in corporate results and by senior business figures, though they have also proven controversial. He said it was now important to "go to the official side" and was supporting the new International Sustainability Standards Board set up by non-profit the IFRS. - Bank of America Chief Executive Brian Moynihan told the World Economic Forum in Davos that official global standards on sustainability and climate were needed to "align capitalism with what society wants from it." - "An investment manager, a consumer, society, others can sit there and say, here's a line that is acceptable and you're either above it or below it," Moynihan said.

Bank of America Chairman and CEO Brian Moynihan discusses how a mild recession could impact housing, labor and energy sectors from the World Economic Forum.

We need lots of oil and gas, energy security, and we need to start to make the transition," he said. "We have to hire 5,000 people to keep the number of headcount stable. If you try to micromanage it, if you try to take it away, it's done." So what you do is just slow down the hiring and let the headcount drift to where you want to be." "And with Kevin and others, had him talk to a group of CEOs about this, there's a balanced view here. "We keep the critical staffing, we keep the people we need and we just really watch it. "But that's the intended outcome of the Fed changing rates. Inflation is not over yet," Moynihan said, "because the Fed raised rates a lot to slow down the economy." At the end of day, there's not that much aggregate demand and so rates slow it down," the CEO said. "Although the fight about inflation is, things get expensive, it hits them right in the pocketbook and then they start to change their behavior." Agreeing that home prices were previously impacted by the Fed’s raised rates, Moynihan said mortgages will slowly start returning to a "long-term trend" near 3%. consumer still has a lot of purchase power," Moynihan said.

“I realized there was money missing, and now I just don't know where it is,” Elynn Holman, who has been banking with Bank of America for more than 20 years, ...

Some customers received a notice on the bank’s app that said Zelle transactions between Saturday and Wednesday might be delayed in posting to accounts. “So it’s going to be kind of a hassle closing those accounts and setting up a new account, but I’m going to do it because this was horrible, this is horrible,” Holman said. Holman said she was frustrated because she didn’t receive that message and used Zelle with her bank for her childcare business. “Those are payments from the daycare parents, and they Zelle it to me into my business account, and then I wake up, and it’s not there,” Holman said. She said she later told her daughter, who told Holman she was not the only one experiencing an issue. Holman said her first instinct was to call the banking chain’s customer service number, but she was never put into contact with someone.

ESG is here to stay. That was the message of Bank of America Chief Executive Brian Moynihan as he responded to criticism of the movement pushing companies ...