Thousands of checking and savings clients say they never saw a warning before their profiles vanished. Wells Fargo has quietly started shutting down accounts that show no customer‑initiated activity for at least 16 consecutive months. The move, which began in April, is meant to satisfy state unclaimed‑property laws and cut the risk of fraud. Yet many of … Read more
Withdrawing a large amount of money from your own bank account isn’t a crime, but it sure raises more questions than you might expect. If you need to take out $10,000 in cash, the bank is obligated to keep a record of it and even report it to government agencies. Why does this happen, and … Read more
The latest update could make or break your appointment, so read on to avoid mistakes. The US government has announced a fresh measure for individuals applying for a B1/B2 visa. Since May 2025, travelers seeking to visit the country for tourism or business must meet a key obligation involving the DS-160 form. Missing this detail … Read more
Capital One, one of the biggest financial institutions in the United States, has reached a settlement that obliges the bank to pay $425 million to certain current and former clients. This news impacts anyone who held a 360 savings account since 2019, and the reimbursement could be significant for many households. Why is this multi-million … Read more
The bank will update the terms and conditions of its transfers in May, aiming to strengthen oversight and prevent suspicious movements. Both individuals and businesses could see some changes in how they manage their funds. Wells Fargo, one of the largest banking institutions in the United States, has announced that it will revamp its Online … Read more
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