4 ms·
Chase savings account balance of –$99B has me a little concerned
- bartchamdo 5y agoA hold of ~100B and Chase’s reply that it is for different reasons. I’m sorry, what is a valid reason?
- justusthane 5y agoSuch a great response.
- hlieberman 5y agoThis is a common tactic when one of your accounts is frozen to ensure that you can't withdraw or use it as collateral in a loan. My guess, his account was frozen for suspicious activity or because of a request from some government agency.
- vba616 5y agoThe canonical example of why atomic database transactions are needed has always been transferring money from one account to another without creating a temporary imbalance. Yet the actual real world financial industry has never solved the issue and doesn't care! It's just numbers...
- danjc 5y agoconst double ON_HOLD = -99999999699.99
- arcastroe 5y ago"if you owe the bank $100,000, the bank owns you. But if you owe the bank $100 million, you own the bank." Though I don't think it applies here ;)