Citibank Technical Issue Holds Customer Funds Hostage

Bank accounts are very convenient, as long as customers can access their funds at any given time. Citibank users will have experienced some issues in this regard. Customers in several US states were unable to access their accounts on Friday, due to a “technical issue.”

Putting one’s trust in a bank or another financial institution is quite a challenge these days. After all, these are the same companies who caused the financial crisis we are dealing with to date. For most consumers, however, having a bank account is second nature, and there is no direct need to change a winning system.

Citibank Users Take To Social Media

At the same time, it is also the obligation of said bank to provide customers with access to their funds at all times. Technical difficulties can occur at any given time, but they will affect a lot of customers. The recent Citibank issue goes to show how bad things can get when relying on centralized services.

When users across different US states took to social media, the scope of this Citigroup outage became evident. As a result of this undisclosed technical issue, consumers could not access their bank accounts through PC or

Read more ... source: NewsBTC USA