Wells Fargo has announced a new 16-month deadline for customers to keep their bank accounts active. This update is designed to address increasing concerns about inactivity and to ensure that all users understand the steps needed to maintain full access to their funds. In its official statement, Wells Fargo explained that if an account remains … Read more
A controversial anti-fraud policy that imposed a three-day waiting period on phone-based retirement claims has been scrapped, potentially speeding up benefits for hundreds of thousands of retirees. The Social Security Administration (SSA) announced the change this week, citing concerns from advocacy groups and internal data showing minimal success in detecting fraud. In its initial rollout, … Read more
Wells Fargo has begun strictly enforcing a longstanding policy that could lead to the abrupt closure of countless accounts. This policy targets dormant or inactive accounts, meaning you might suddenly lose access to your money if you haven’t used your account in a while. If you haven’t made a deposit, withdrawal, or transfer for more … Read more
Increasing closures at Bank of America, Chase, and Wells Fargo have drawn attention across multiple states. Consumers wonder whether this trend might signal broader shifts in financial services. Several east coast TD Bank branches recently announced closure plans in at least 10 states. Shortly after, Bank of America, Chase, and Wells Fargo filed the necessary … Read more
Still grappling with the aftermath of a hefty payout and money-laundering scandal, TD Bank has announced a wave of branch closures across 10 states and Washington, D.C. This move has sparked concerns among customers and local communities, many of whom rely on in-person banking services. In an effort to optimize operations, TD Bank will shutter … Read more
A major shift is underway in the American banking landscape. One of the nation’s largest financial institutions has announced plans to shut down 60 branches across several states. Of those locations, 14 are in New York, leading many residents to question what this development means for their daily banking needs. In its official statement, Flagstar … Read more