A Massachusetts man recently took to Reddit to share a stressful experience on the Bank of America subreddit. He wrote that the funds he needed for a deposit on a new house were frozen after being initially cleared. The user, known as aronianm, explained that after selling his home for the first time, he made a mistake and deposited the proceeds into his account through a check. He now knows that he should have requested a wire transfer.
The Reddit user noted in his post that he and his wife sold their house because they were in the middle of moving. He claimed, “I deposited the check at Bank of America. It initially cleared, after going through 5 days of security and me telling them that this money is for closing and the whole story so we thought everything was fine. Then, without warning, the funds were placed back on hold again.”
