Bank Of America Locks Out Its Online Clients For Second Day In A Row

Tyler Durden's picture




No, this is not due to everyone pulling their money online at the same time. Uh uh. Not at all. Nosireebob. And no, those rumors that BofA will charge you $4.99 to access your account online are just that - rumors. At least for now.

Luckily, if you want to access your online account, you can. Oh wait, we meant to say you can't.

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Mon, 10/03/2011 - 10:41 | 1733213 thunderchief
thunderchief's picture

I recommend all bitchez swich to Everbank.  You can even bank in other currencies.

Mon, 10/03/2011 - 10:42 | 1733231 Fukushima Sam
Fukushima Sam's picture

I'm sure everything is "fine" over at BAC.

Mon, 10/03/2011 - 10:48 | 1733274 Comay Mierda
Comay Mierda's picture

I got lucky from all their technical difficulties. apparenty, my BAC credit card completely vanished from their system. i was on the phone with them for 1 hour friday trying to pay the damn thing, and the 4 employees I talked to said the account didnt exist.

this bank is toast

Mon, 10/03/2011 - 10:51 | 1733283 Ahmeexnal
Ahmeexnal's picture

BAC is transfering accounts.

You'll soon get a new bill in your mailbox....from Goldman Sachs!

Mon, 10/03/2011 - 10:53 | 1733293 LeBalance
LeBalance's picture

Pay the Vampire Borg Squid, Bac!

Mon, 10/03/2011 - 10:57 | 1733309 mjb99na
mjb99na's picture

Bank run bitchez!

Mon, 10/03/2011 - 11:04 | 1733335 Max Hunter
Max Hunter's picture

Anyone that has a bank account with BofA is either not paying attentions or plain stupid.. Or both..

Mon, 10/03/2011 - 11:07 | 1733351 Comay Mierda
Comay Mierda's picture

Not when your BAC debt disappears

Mon, 10/03/2011 - 11:47 | 1733546 Frank N. Beans
Frank N. Beans's picture

shit, your disappeared debt just showed up on my federal government liabilities statement.

Mon, 10/03/2011 - 11:50 | 1733565 Bicycle Repairman
Bicycle Repairman's picture

The website is slow, but it is working.  I've performed transactions.

Mon, 10/03/2011 - 13:34 | 1733994 Bicycle Repairman
Bicycle Repairman's picture

HIt the ATM.  Made a large withdrawal.  No problemo.

Mon, 10/03/2011 - 13:58 | 1734053 j.tennquist
j.tennquist's picture

Just substitute 'website' with call-girl and that's exactly how I would describe my last encounter with a hooker.

Tue, 10/04/2011 - 00:31 | 1736122 bid the soldier...
bid the soldiers shoot's picture

What did you do beside change your mailing address?

Mon, 10/03/2011 - 14:51 | 1734248 pupton
pupton's picture

My sister in-law works at Fannie Mae and said there has been some strange activity with BOA in the last few days.  My sister is a realtor and is hearing about BOA loans being unable to close or be underwritten.  I know, it's not reliable info and it's barely even info, but I'd just like to throw that into the mix.  My sister just closed her BOA account today.

Mon, 10/03/2011 - 12:43 | 1733789 sgt_doom
sgt_doom's picture

Exactamundo!  I recall, around several years ago, I happened to turn on the godawful faux crat (phony dem) Bill Press show, and some douchebag self-described "savvy professional Black Woman in her mid thirties, was switching from B of A to JPMorgan Chase!!!!!!!!!!!

Unfrigging believable how ignorant these Ameritards are????

Yes, anyone still with the criminal, and insolvent, Boink America is truly bereft in the neuron and synapse department.

But as to their IT --- I was interviewed for a network controller job there, and the douchebaggers asked me if I knew what a 1099 was (I faked it and acted like I was thinking about all the hardward I worked with as I didn't want to work in an all-males department.0

BofA deserves to go down, and go down hard......

Mon, 10/03/2011 - 15:38 | 1734487 Cathartes Aura
Cathartes Aura's picture

savvy professional Black Woman in her mid thirties

guess we have a strong contingent of that demographic posting regularly here, as the BoA weekend thread proved - still letting the TBTF use their "money" by holding balances large enough to escape monthly fees - "savvy" - /sarc.

Mon, 10/03/2011 - 10:58 | 1733313 CClarity
CClarity's picture

A friend who was laid off a couple weeks ago applied for unemployment for first time - been working 30 years.  Said process easy, on-line, took about 35 minutes.  Was surprised to have just received a BofA debit card to access her unemployment benefits that will automatically be put there.

Really?  BofA is the government's arm for delivering unemployment benefits now?  Not a check, but direct deposit to BofA.  At least in Northern California.  So . .  could everyone accessing their unemployment for 1st of month have crashed their system?  

Mon, 10/03/2011 - 11:04 | 1733333 KenShabby
KenShabby's picture

I am just outside Chicago and my unemployed friends have Chase debit cards for unemployment.

 

Mon, 10/03/2011 - 11:24 | 1733438 DosZap
DosZap's picture

I am just outside Chicago and my unemployed friends have Chase debit cards for unemployment.

Texas uses them here also.

Guess what, in NORMAL times we had 52 weeks total if you had worked enough quarters.(unless you were illegal)

And if there was a balance on the card(for any amount),you could not get it by going in the bank and to a Teller.

Had to use ATM,and if you had $19.99  left in (Min W/D was like $20.00),YOU LOST IT.

 

Mon, 10/03/2011 - 11:48 | 1733555 ziggy59
ziggy59's picture

uncle sam, ben, and cousin tim, love spreading the wealth..its the wealth effect, y'know..TBTF=the banks that fuckya

Mon, 10/03/2011 - 12:31 | 1733744 Fascist Dictator
Fascist Dictator's picture

"in NORMAL times we had 52 weeks total if you had worked enough quarters"

 

really? I worked for over 20 years at the same place and when I was laid off I received 26 weeks of unemployment. THAT is the norm, not a whole year!

Mon, 10/03/2011 - 13:11 | 1733919 EINSILVERGUY
EINSILVERGUY's picture

No Shit

I was on unemployment in June 1989 in texas and it was 26 weeks, not the 52 and 99 weeks that some people have. Texas is notorious for paying low unemployment. When you need it , it sucjks but you also don't get hooked on the crack pipe for 2 years

 

Mon, 10/03/2011 - 14:48 | 1734233 Greenlight
Greenlight's picture

So Texas' low unemployment payments is a crackpipe? 

Mon, 10/03/2011 - 11:04 | 1733338 NotApplicable
NotApplicable's picture

Or the system is being "crashed" in order to prevent people from accessing benefits?

Testing... 1... 2... 3...

Mon, 10/03/2011 - 21:16 | 1735604 logically possible
logically possible's picture

In the day when people would start a bank run, you would know it due to everyone trying to get to a teller window. Is this how an electronic bank run plays out?

Tue, 10/04/2011 - 00:26 | 1736111 bid the soldier...
bid the soldiers shoot's picture

Now it's the 15 minutes to load a page gimmick or asking for your user name and/or password a couple of hundred times.

Mon, 10/03/2011 - 11:05 | 1733342 Troll Magnet
Troll Magnet's picture

i went to deposit a small amount on friday and bofa offered me $100 to transfer funds of at least $25,000 from my "other" bank accounts into my bofa account. my short response was: wait, so now you want ME to bail you guys out?
the look on that teller's face was priceless as he tried in vain to keep his chuckling to a minimum.

Mon, 10/03/2011 - 11:22 | 1733414 EvlTheCat
EvlTheCat's picture

"Really? BofA is the government's arm for delivering unemployment benefits now?" Its different from state to state.  I'll look it up.

Mon, 10/03/2011 - 11:29 | 1733462 EvlTheCat
EvlTheCat's picture

oh well, can't find it anymore.

Mon, 10/03/2011 - 11:37 | 1733492 CClarity
CClarity's picture

Thanks for trying.  I'll look too.

Mon, 10/03/2011 - 11:42 | 1733522 Carmagnole
Mon, 10/03/2011 - 12:03 | 1733624 CClarity
CClarity's picture

Thanks Carmagnole!  Great article.  You other folks should read if have time


In a letter dated August 9, California’s Employment Development Department (EDD) announced it was discontinuing the practice of mailing unemployment claim checks to EDD recipients. Instead, the letter explained, the EDD was introducing “electronic benefit payments” that could be tapped via an EDD Debit Card. 

EDD cited only one argument for the change: “You will no longer be waiting for checks in the mail.” 

What the EDD’s letter did not fully explain was that, under the new system, in order for the state’s 2.2 million unemployed to retain access their all-important EDD checks, they must first agree to become customers of Bank of America. 

Mon, 10/03/2011 - 11:43 | 1733531 CClarity
CClarity's picture

So, in Northern California anyway, BofA will "make" $60/year on people unemployed by them being forced to access benefits through the debit card and therefore incuring the $5/mo fee.  Sure sure BofA said they won't charge for ATM use, only debit card swipes elsewhere . . . but how soon will that be adjusted?  And if Illinois and Texas push unemp bennies through Chase, who soon until they charge for same.  

Our government sure does love the big banks.  

Mon, 10/03/2011 - 12:45 | 1733804 sgt_doom
sgt_doom's picture

BofA, formerly the NationsBank Corporation (that's who bought them in a clever and snarky backroom maneuver, involving DB Shaw, Mellon Bank, Goldman Sachs and failed Russian bonds, etc.), owns North Carolina, and JPMorgan Chase handles the majority of those cards elsewhere.

Not a reliable excuse...

Mon, 10/03/2011 - 11:04 | 1733339 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Exactly right.  B of A will simply be absorbed by another member of the mafia banking cartel which owns the privately-held Federal Reserve.

Mon, 10/03/2011 - 15:46 | 1734523 Cathartes Aura
Cathartes Aura's picture

another member of the mafia banking cartel

+1

you're such a gentleman Tuco   *smile*

Mon, 10/03/2011 - 16:47 | 1734762 Buck Johnson
Buck Johnson's picture

Thats exactly what is happening, they are in the process of liquidating, but who will hold the toxic debt that BOA was "asked" to swallow from Countrywide.  I know Goldman will only want bank accounts to take over.

Mon, 10/03/2011 - 11:32 | 1733474 seek
seek's picture

I had something similar happen in June -- my only remaining account with BofA was a credit card with 20+ years of history on it. Their explanation was that there was an undisclosed hacking incident and they had to replace something on the order of 250K credit cards, and mine was one of them.

Perhaps they got hacked again, but at this point I'm inclined to believe that people are leaving in droves to the point it's overwhelming their systems.

In my case, it was the last push I needed to move over to a credit union, though my primary banking was already outside BofA.

Mon, 10/03/2011 - 12:51 | 1733830 Spanish Lizard
Spanish Lizard's picture

Wish they would lose my home mortgage!

Mon, 10/03/2011 - 10:44 | 1733242 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

A bank holiday will mean all banks close.  Take away the trill that BAC has in deposits and you take out $10 trillion from the system, due to their fractional reserve leanding tactics; and yes, they are fully leveraged.  Run tell dat.

Mon, 10/03/2011 - 11:01 | 1733314 DaveyJones
DaveyJones's picture

a virtual rehearsal for a virtual hearse

Mon, 10/03/2011 - 14:34 | 1734184 bid the soldier...
bid the soldiers shoot's picture

I don't think this will be a 'bank holiday'. It's more like 'bank sick days'.

Mon, 10/03/2011 - 10:45 | 1733247 DosZap
DosZap's picture

You can even bank in other currencies.

Oh, good, that makes me feel so much better,more paper.

Mon, 10/03/2011 - 10:46 | 1733256 Popo
Popo's picture

Actually,  Everbank also lets you bank directly in Gold and Silver accounts.  Even *allocated* gold and silver accounts.

I'm no fan of banks -- but Everbank is on my short-list of banks to 'not hate'.

 

 

Mon, 10/03/2011 - 10:51 | 1733286 Ahmeexnal
Ahmeexnal's picture

Mulligan's bank.

Mon, 10/03/2011 - 11:07 | 1733355 Don Birnam
Don Birnam's picture

Midas Mulligan -- refreshingly, only one branch.

Mon, 10/03/2011 - 10:53 | 1733295 CapitalistRock
CapitalistRock's picture

Heck, even Monex provides PM storage. It's been going on for hundreds of years. Everyone wants to hold your PMs. The problem is that they can cheat on that a little and create enormous potential to make themselves wealthy without taking on any of the risk. You take the risk.

And they'll tell you it is all insured by Lloyd's of London. As if PM buyers take action based on what the brochure tells them. Well, some do, unfortunately. Boggles the mind.

Rent a safe deposit box. Or use a shovel and lots and lots of concrete. Don't use someone who can say, "Lloyd's of London".

Mon, 10/03/2011 - 11:02 | 1733327 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Keep your PMs cool, dry and nearby.  A safe deposit box does not qualify!

Mon, 10/03/2011 - 11:25 | 1733442 kito
kito's picture

Who will insure lloyds when they go down

Mon, 10/03/2011 - 14:40 | 1734195 bid the soldier...
bid the soldiers shoot's picture

AIG -- silly
:-)

Mon, 10/03/2011 - 21:20 | 1735619 logically possible
logically possible's picture

YOU -----silly

Mon, 10/03/2011 - 11:29 | 1733461 RoadKill
RoadKill's picture

So you are buying something just to burry it? If you are hoping to grow more, I think you are doing it wrong.

Man gold bugs are crazy!!!

Mon, 10/03/2011 - 13:28 | 1733976 IrritableBowels
IrritableBowels's picture

Safety deposit boxes are rendered useless in the event of a bank holiday. And the fuckheads @ IRS can access them.  However, the thought of keeping real money in a ponzi/fiat facility would be somewhat thrilling...

Mon, 10/03/2011 - 11:56 | 1733593 ziggy59
ziggy59's picture

my favorite is my piggy bank..used for ag and au.

Mon, 10/03/2011 - 12:46 | 1733808 sgt_doom
sgt_doom's picture

LOL, hehehe....go for the Greek Drachma.....

Mon, 10/03/2011 - 11:09 | 1733360 thunderchief
thunderchief's picture

I was the first here, and that is why so many negatorials.  Just Pissed off bitchez that don't bank anywhere.  losers.

Everbank is really good.  If you've got cash to stash put it with Everbank.  Currencies, commoditiy backed accounts, you name it. 

Do those shills at BofA give you those kind of choices?  BofA is the all American Drive through liquer store of Banking.  It's really good for underaged drinkers out in a cruise in mom and dad's car.  And that covers most of Americas Banking needs.   IMO 

Mon, 10/03/2011 - 11:16 | 1733400 JohnG
JohnG's picture

The chief is right folks.  Been with EverBank ever since they absorbed the (failed) NetBank.  It's a good bank.

Mon, 10/03/2011 - 11:19 | 1733411 WALLST8MY8BALL
WALLST8MY8BALL's picture

Thunderchief Rant - Sponsored by EverBernank!

Mon, 10/03/2011 - 11:48 | 1733551 Cpl Hicks
Cpl Hicks's picture

Most folks are better off with a local credit union.

Did I just say 'folks'?, that sounds like Barry O in jivin' mode...jeez.

Mon, 10/03/2011 - 11:48 | 1733550 Miss Expectations
Miss Expectations's picture

What do you know...EverBank is an owner of MERS (with a lot of other bad company):

http://www.mersinc.org/about/shareholders.aspx

Mon, 10/03/2011 - 12:19 | 1733691 Carnegie_IB
Carnegie_IB's picture

what about buying diamonds as a safe way to protect cash?

Mon, 10/03/2011 - 14:54 | 1734269 Greenlight
Mon, 10/03/2011 - 10:40 | 1733218 Ancona
Ancona's picture

What a load of crap. BAC is freaking doomed. Get it over with already.

 

Mon, 10/03/2011 - 10:47 | 1733261 DosZap
DosZap's picture

What a load of crap. BAC is freaking doomed. Get it over with already.

 

Even with a 3+Trillion( NON APPROVED) secret loan?.............sheeesh, what a clustefoxtrot they must be in.

 

Mon, 10/03/2011 - 10:40 | 1733219 slaughterer
slaughterer's picture

So THAT is what is making the market go up?  BAC sidepocketing their retail deposits for a one-day ES pump!  Oldest trick in the book.

Mon, 10/03/2011 - 10:40 | 1733223 DavidC
DavidC's picture

Oh boy...

DavidC

Mon, 10/03/2011 - 10:41 | 1733224 Cassandra Syndrome
Cassandra Syndrome's picture

Panic Bitchez

Mon, 10/03/2011 - 10:41 | 1733226 gangland
gangland's picture

blogging and excerpting suskind's new book conmen here

 

http://605981340736885861.weebly.com/

 

Mon, 10/03/2011 - 10:41 | 1733227 Stoploss
Stoploss's picture

Burn BAC, you bitch, BURN............

Mon, 10/03/2011 - 10:41 | 1733229 bania
bania's picture

there must be other "if you like, you can:" options, no? WB7???

Mon, 10/03/2011 - 10:42 | 1733232 buzzsaw99
buzzsaw99's picture

who do they think they are, e-trade? lulz

Mon, 10/03/2011 - 10:42 | 1733233 reinman60
reinman60's picture

Read that Anon was responsible for the outage the other day. Don't know if its true.

Mon, 10/03/2011 - 10:42 | 1733235 pan
pan's picture

Bank run bitchez!

Mon, 10/03/2011 - 10:42 | 1733236 Cassandra Syndrome
Cassandra Syndrome's picture

Ever notice there logo looks like 3 elevens or 3 twin towers?

Mon, 10/03/2011 - 11:02 | 1733329 scatterbrains
scatterbrains's picture

That's 11/11/11 which is the same as 666  digitally.

Mon, 10/03/2011 - 11:12 | 1733374 NotApplicable
NotApplicable's picture

Wut?

Mon, 10/03/2011 - 11:28 | 1733457 Fukushima Sam
Fukushima Sam's picture

11 = 3 in binary

110 = 6 in binary

Mon, 10/03/2011 - 11:48 | 1733553 scatterbrains
scatterbrains's picture

11 0 11 0 11  better ?

Mon, 10/03/2011 - 13:06 | 1733899 mick_richfield
mick_richfield's picture

So -- the zeroes are silent?

Mon, 10/03/2011 - 14:50 | 1734241 bid the soldier...
bid the soldiers shoot's picture

That's what the Arabs told us when we bought the zero from them. I always liked those Xs,Vs, and Cs better.

Mon, 10/03/2011 - 11:56 | 1733599 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Aw, what's a bit here and there really amount to, between friends.  That's what checksums are for!

Mon, 10/03/2011 - 12:12 | 1733613 scatterbrains
scatterbrains's picture

0110110110   maybe then ? I was trying to make it easier on the eyes.

Mon, 10/03/2011 - 11:08 | 1733359 pointer
pointer's picture

November 11, 2011 is upon us - could be.  These elitists love to use symbolism...and if everything is rigged they can destroy anything whenever they want.  Will 11-11-11 be BoA's day of fate?  11+11+11 = 33 (as in 33rd degree freemason) AND add all the 1's up and it = 6 (as in 666 - which is short for 60, 60, 60 which are the degrees of each angle on a perfect triangle - as found on the back of a dollar bill.)  Hmmm....

This might raise some eyebrow's of anyone who has looked into "conspiracy theories" and the "occult".  9-11-01 was an occult ritual in my opinion.

It could all be a bunch of BS, but I'm just a slave/peasant guessing what my "masters" will do next.

Mon, 10/03/2011 - 11:36 | 1733489 Ruffcut
Ruffcut's picture

I use symbolism also, but my extended middle finger is starting to get sore.

Mon, 10/03/2011 - 12:31 | 1733743 Fukushima Sam
Fukushima Sam's picture

It is also the release date for Skyrim, which should be a nice distraction from the craziness of the real world for a while.

Mon, 10/03/2011 - 10:43 | 1733239 Village Smithy
Village Smithy's picture

Maybe today we will lose the 6 handle on BAC.

Mon, 10/03/2011 - 10:44 | 1733240 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Convenience BITCHEZ!

Mon, 10/03/2011 - 10:52 | 1733289 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

All your paper are belong to us!

Mon, 10/03/2011 - 10:44 | 1733241 earnulf
earnulf's picture

Just once I'd like to see the MSM reporting on this, naw, that would really push J6P over the edge in the middle of his TV dinner

Mon, 10/03/2011 - 10:44 | 1733243 SilverRhino
SilverRhino's picture

They FUCK you at the DRIVE THROUGH ATM

Forgive the double entendre on that one but it's so true.

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