Bank of America: Thousands of Customers See $0 Balance, Causing Panic

A wave of panic hit Bank of America (BoA) customers when they saw their account balances drop to $0 or found themselves unable to access their accounts. This was caused by a nationwide service outage at the bank.

Customers across the U.S. were affected, with many reporting issues via Downdetector, a platform that tracks network outages in real-time. In just one hour, over 18,000 BoA clients reported problems. According to Downdetector, issues began around 12:27 PM EDT, with 51% of reports related to online banking, 47% to mobile banking, and 2% to ATMs.

BoA has since stated that the network issues are “largely resolved,” according to CNN.

However, some clients noticed a strange occurrence: while their account balances showed $0, their debts remained untouched.

One user joked, "My money is gone, but my debt is still there. Bank of America sucks."

On social media, many users voiced their frustrations, while others turned the situation into memes, poking fun at the outage. Some also highlighted the advantages of Bitcoin as a more reliable option.

Meanwhile, in Russia, the Bank of Russia discussed the digital ruble, clarifying that the new CBDC will not increase the money supply or cause inflationary pressure in the economy.

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