Bank of America is a broadly used financial institution throughout the nation. On Tuesday, October 2, the banking firm made headlines, leaving many purchasers involved. One buyer shared on X, “@BankofAmerica Could your people release a statement asap about what is wrong with the mobile app.? Showing all my accounts with – – – balance, yet my credit card on the mobile app. has the correct balance!!!”

Another person added, “Is bank of America down! What’s going on. My balance is showing 0 when I have money in there! @BankofAmerica.”

With many purchasers confused in regards to the standing of their accounts, Bank of America has but to challenge an announcement addressing the problem. To be taught extra in regards to the state of affairs and its implications, hold studying.

@BankofAmerica what’s going on???? Why isn’t anybody speaking about their accounts exhibiting a zero stability!!!! pic.twitter.com/09Z3jsOMdg

— Skeptical Optimistic (@MiiSSMaryy) October 2, 2024

Is Bank of America Down Today?

Yes, Bank of America skilled an outage. According to Downdetector, reviews of the outage started round 12:45 PM EST.

What Happened to Bank of America’s Online Accounts?

Customers noticed their account balances reflecting zero quantities. Some customers reported receiving notifications equivalent to “Accounts temporarily unavailable” and “Some accounts and/or balances are temporarily unavailable.”

Additionally, CNN reported that some Bank of America workers had been additionally unable to log into their very own on-line accounts.

When Will Bank of America Accounts Come Back Online?

As of the time of publication, Bank of America’s outage has not but been resolved, leaving many purchasers nonetheless unable to entry their accounts and balances.

During a current interview on CNN’s Face the Nation in August 2024 with the financial institution’s CEO, Brian Moynihan, he shared, “in our consumer base of 60 million customers spending every week, what you’re seeing is they’re spending at a rate of growth of this year over last year, for July and August so far, about 3 percent. That is half the rate it was last year at this time. And so, the consumer has slowed down. They have money in their accounts, but they’re depleting a little bit. They’re employed, they’re earning money, but if you look at — they’ve really slowed down.”