1 week Ago By Jacob Willeford
A BANKING platform is reportedly closing down for good soon. Customers using the mobile app to manage their money have claimed they received notices about the impending shutdown. Milli Bank , a division of the First National Bank of Omaha (FNBO), will allegedly decommission its financial services by November.
Several who bank with the company said they'd gotten emails about the closure in September, per a thread on Reddit . "Just got an email that FNBO is decommissioning Milli," someone wrote in a post. They continued to claim that Milli Bank had informed them that they must finish all transfers into accounts by October 1.
Read More on US Banking The notice also added that all Milli Bank accounts would be closed by November 15, according to the customer. Those who don't transfer funds out of Milli Bank accounts by November 15 will have them held and sent back to customers via cashier's check in the mail. SHELL-SHOCKED "Transfers into accounts end 10/1, accounts closed on 11/15," the customer wrote.
"Loved this bank for its [high-yield savings account] attached to a debit card." Most read in Money Others were also shocked by the alleged notices. "I have a Milli account too.
Sad it's decommissioning," someone else said. "Yes! I'm so bummed about this," another echoed. OTHER NOTICES While there's been no official public release from Milli Bank as of yet regarding a potential shutdown, notes on its website, Google Play description, and social media profiles have indicated a cease in services.
"We are no longer accepting new applications," a banner on Milli Bank's site read. "We recommend you apply for an account with FNBO Direct, an online bank solution from our parent company, FNBO." WITH bank scams running rampent, it is important to know how to reach out to your bank without risking fraud.
There is of course the foolproof method of going to your bank in person, but you are likely going to be directed to a customer care phone line. In order to ensure that you are contacting the bank, make sure to use a phone number given to you by the representative or off of the bank's website. Some banks also have online helplines that can securely connect you with a representative.
Conversely, if you think the bank is reaching out to you with an account issue - make sure to verify the concern by calling a bank contact that you know is legitimate. Scammers commonly mascarade as bank representatives to steal information from frightened customers. Milli Bank's description on Google Play noted a similar message.
"Thank you for considering Milli!" it added. "Milli Bank is no longer accepting new applications. We thank you for your continued support," its LinkedIn profile read.
The U.S. Sun has contacted the First National Bank of Omaha for more information.
Other banks have encountered varying issues lately. Read More on The US Sun Chase Bank recently warned customers that police could be coming for some of them over a viral "free money" trend. A prominent chain with over 1,000 stores also confirmed it would close several stores after an executive gave a somber warning .
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