Who has been warning you that the banks are in bad shape?
That another huge round of trouble is coming?
That would be me.
And I sure wish I had been wrong, but looks like our reporting has been spot on all along.
New reports are coming in that many Wells Fargo customers are reporting their direct deposits just “never showed up”.
Take a look:
Wells Fargo customers are reporting the disappearance of direct deposits in their accounts as one bank customer said they saw the news about the problem right as they noticed their deposits weren’t in their account. https://t.co/UiKUsmpDeq
— The Hill (@thehill) August 5, 2023
https://twitter.com/NEWS_MAKER/status/1687591960066797568
Here are two such reports among many:
You “misplaced” two of my deposits as well as God knows how many others. I’m taking my checking, my savings, and my IRA from Wells Fargo Advisors. Safer burying in my backyard! @BurkeandHerbert I’m on my way!
— Lisa (@RealityLuvr) August 3, 2023
And:
https://twitter.com/JustJeani/status/1687144684416909312?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1687144684416909312%7Ctwgr%5E2685d246241bf2e115fcdfbf027d6d26f48be739%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fwells-fargo-customers-missing-deposits-technical-issues%2F
From The Hill, here is more:
Wells Fargo customers are reporting the disappearance of direct deposits in their accounts.
On X, the platform formerly known as Twitter, users complained about their disappearing funds. One bank customer said they saw the news about the problem right as they noticed their deposits weren’t in their account.“Right before this popped up in the news I saw that my deposits weren’t in my account,” their tweet read. “I was trying to pay bills and none would go through. This is so unacceptable.”
The company responded in a statement to CNN that a “limited amount” of their customers are experiencing the disappearing deposits. They said most of them were “resolved” and that they would fix the problem soon.
“We sincerely apologize for any inconvenience,” the bank’s statement reads.
I wonder how much interest the bank makes on all these “delayed” and “missing” transactions?
Andy nailed it with this post:
Sure there's lots of bad banks out there, and lots of banks that do bad things. What makes Wells Fargo so special is that they're uniquely bad at simply being a bank https://t.co/KGfMr4U9bh via @usatoday
— Andy Hawkins (@AndyHaw89285923) August 4, 2023
Here’s more from CBS News:
Wells Fargo customers took to social media this week to voice their alarm over direct deposits they had made that did not show up in their bank accounts.
A rash of customers contacted Wells Fargo on Thursday through X, formerly Twitter, to inform them of the issue as well as voice their frustration. Some insisted they would switch banks.
“I’m taking my checking, my savings, and my IRA from Wells Fargo Advisors,” one customer said in a tweet. “Safer burying in my backyard!” That same day, more than 100 reports were submitted to website status monitor Downdetector, more than half of which involved mobile deposits.
By Friday morning, however, most of the account issues had been resolved, a Wells Fargo representative told CBS MoneyWatch.
“A limited number of customers were unable to see recent deposit transactions on their accounts,” the spokesperson said in a statement. “The vast majority have been resolved and the few remaining issues will be resolved soon. We sincerely apologize for any inconvenience.”
The spokesperson did not specify what caused the problem.
Somehow people didn’t find these responses from the company very helpful or reassuring:
I apologize for the inconvenience. Our technical team is still working on a resolution. Please send us a DM with your full name and phone number to document your complaint on this experience. -Richard https://t.co/q1oBDuYAdh
— Ask Wells Fargo (@Ask_WellsFargo) August 4, 2023
Remember when the very same thing happened to Bank of America back in January?
Just “glitches”…..?
Or test runs?
REPORT: Funds “Suddenly Missing From Bank Of America Accounts
Oh boy….here we go?
We’ve been warning for a long time that “bail ins” are coming.
You remember “bail outs” from 2008/09, but they won’t run that same plan again.
No, this time it will be something called “bail ins” where they just take some money from all bank accounts on file because it’s needed to help the “greater good”.
Think it can’t happen?
It already did in Cyprus over 10 years ago:
A bail-in is when a bank takes money from its customers to help keep the bank from going bankrupt. This is different from a bail-out, which is when the government gives money to a bank to help it stay open.
In 2013, the country of Cyprus had a big problem. Its banks were in danger of going bankrupt because they had lost a lot of money. The government of Cyprus and the European Union (EU) decided to do a bail-in.
This meant that the customers of the banks in Cyprus had to give up some of their money to help keep the banks open. People who had money in the bank had to give up some of it. This made some people very upset.
The EU and Cyprus government decided that people with less than 100,000 Euros in their bank accounts would not lose any money. But people with more than 100,000 Euros in their bank accounts would lose some of it.
At first, people were told that they would lose 6.75% of the money they had in the bank. But then it was changed to 9.9%. This meant that if someone had 100,000 Euros in the bank, they would lose 9,900 Euros.
This caused a lot of problems for people in Cyprus. Some people were not able to pay their bills because they had lost so much money. Some small businesses were not able to stay open because they did not have enough money.
The EU and Cyprus government said that they did the bail-in to help keep the banks open and to make sure that there would not be a big financial crisis in Cyprus. But some people did not agree with this. They thought that the government should have found a different way to help the banks without taking money from the people.
In conclusion, a bail-in is when a bank takes money from its customers to help keep the bank from going bankrupt. In 2013, the country of Cyprus had to do a bail-in to help its banks stay open. This meant that people with bank accounts in Cyprus had to give up some of their money. It caused some people a lot of problems, but the government and EU said that it was necessary to prevent a financial crisis.
Is it happening again right before our eyes?
In the USA this time?
I don’t know, I just report what I see others saying.
And this is going viral right now:
Bank of America customers have funds suddenly missing from their accounts?#BankOfAmerica #BOA #MissingMoney pic.twitter.com/N7Mn0iSshK
— Noah Christopher (@DailyNoahNews) January 19, 2023
Backup here:
https://twitter.com/TrackInflation/status/1615854502703235073
Other reports:
“Some Bank of America customers have reported money missing from their accounts. At least one person said their checking account was wiped clean.
— Christopher Greene 😎🏝🚀⛵️ (@amtvmedia) January 19, 2023
Here’s what BOA has said in response:
A lot of Bank of America customers are livid this morning after waking up to money missing from their accounts. Hear what @BankofAmerica says is causing the nationwide problem. @FOX5Vegas pic.twitter.com/k89nqMYBKL
— Feven Kay (@Feven_Kay) January 18, 2023
From ABC13:
Some Bank of America customers said money is missing from their accounts, including funds from Zelle deposits and transactions.
Rey Garcia has trusted Bank of America with his money for 20 years.
But when he noticed the problem happening to others, he went to check his own account.
“I was surprised, like, whoa,” Garcia said. “So I checked my transactions. I had, like, 15 different Zelle transactions. That was, like, a red flag for me right there because I don’t remember doing all that in one day.”
He says almost $700 went missing from his account. He called customer service with no luck getting a representative.
Garcia tells ABC13 he has pending transactions scheduled to come out Thursday for his bills.
“I’m going to have to go in there and dig in my savings account, which I don’t want to use, but these bills got to get paid, you know what I mean?” he said.
A Bank of America spokesman told ABC7 San Francisco that the problem has been resolved and the deposits and transfers are starting to appear in customers’ accounts.
Or how about when the same thing happened (again) to Wells Fargo in March?
Remember this?
Reports Of Money “GONE” From Wells Fargo Accounts!
Watch this from MeetKevin, titled “A MASSIVE Bank Run JUST Started” (and remember that Kevin is pretty level headed):
Noticing a theme yet?
That’s not all.
As I’m typing this, reports of money suddenly going missing — or direct deposits not showing up from payrolls — are exploding on Twitter about Wells Fargo accounts.
Oh my….
Do you have Wells Fargo?
Go check your account right now.
Look at this:
https://twitter.com/AlertChannel/status/1634248850247393292
BREAKING: Many Wells Fargo customers reportedly say their direct deposits and scheduled paychecks were missing from their online accounts this morning
— Insider Paper (@TheInsiderPaper) March 10, 2023
The stock is tanking:
Schwab, Bank of America, Wells Fargo and JPMorgan all took a GIANT DUMP today
The liquidity fairy is leaving…
EYES ON pic.twitter.com/F6RlnXxjie
— Gilles Duchaussoy (@GilleDuchaussoy) March 10, 2023
From InsiderPaper:
Wells Fargo customers have reported that their direct deposits were missing from their accounts on Friday morning, according to reports.
Reports of Wells Fargo customers missing direct deposits from their accounts
Customers took to social media to report that their direct deposit funds had disappeared from their Wells Fargo accounts which left some in the negative.
Many expressed their dissatisfaction on Twitter, and questioned where their money is.
One person reported that he woke up to overdraft protection emails, adding, that Wells Fargo ”better have a good explanation because I had a paycheck yesterday.”
“This is likely the last straw for me with Wells Fargo,” another person posted.
A user even reported being “broke on payday” and not able to buy breakfast.
“Not only was my payroll deposit taken back after being posted to my account on Thursday, but my account is also now overdrawn by $1,200. I have bills due and groceries to purchase. Going to spend the day bank shopping I guess,” said one person.
Downdetector.com, an outage monitoring website, indicates that a surge in users experiencing problems occurred at 7 a.m. on Friday morning. There were more than 400 detected reports.
A Downdetector user who has been with Wells Fargo for years posted that the bank has “been good to work with, but would be better if they used email to inform us all. My accounts are ok.”
So, what can YOU do to protect yourself?
To protect your family?
To stay safe?
Simple: you need to get some #Gold or #Silver in your own possession.
It’s called “physical” gold and silver.
Not paper traded garbage on the stock exchanges that isn’t backed by anything.
Don’t touch that stuff.
I have two special hook-ups for you.
Both involve PHYSICAL gold and silver.
Because if you do NOTHING else, make sure you own “physical” gold and silver, not paper contracts.
The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they’re not actually backed by the gold and silver they claim to represent.
It’s a massive game of musical chairs out there and when the music stops (and I think it will stop soon…) people who only own paper might find themselves owning something not worth the paper it’s literally written on.
And I know you’ll never forget it if I give you this GIF so….Let’s Get Physical:
Now…WHERE do you get physical gold and silver and how do you know it’s real and safe?
And that you’re getting the best price?
Oh, and how about personal one-on-one real customer service?
You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?
That’s what I’m about to tell you.
I have two killer connections for you…
The first is for purchasing gold and silver bullion.
That means bulk bars.
That’s the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you’ll know you’re in the right place.
You’ll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don’t see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here’s the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ok, that was #1.
Now I want to tell you about option #2.
An equally great company, I am so happy to be working with these guys.
This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).
You know what the beauty of that is?
TAX FREE baby!
I’m not a tax advisor, but that’s a general oversimplification.
Never pay more taxes than you are legally required to pay.
And that’s why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).
There’s so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!
They call it “Faith-Driven Stewardship” and they put it right on the homepage of their website along with a quote from Ezekiel:
Here’s more on why gold and silver in your IRA are so powerful:
You can contact Genesis Gold here.
They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!
Tell ’em Noah sent ya!
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!