US$5,700 was taken from a US man’s bank account. What the bank did next infuriated him

The funds were taken through four transactions by three merchants using third-party payment services like PayPal and Venmo. Less than 36 hours after he realised money had been stolen, Chakinis said he notified Wells Fargo. — Image by rawpixel.com on Freepik

Earlier this year, exactly US$5,749.60 (RM26,145) was stolen from the Wells Fargo bank account of Michael Chakinis, a 23-year-old process engineer new to the Boise area.

The funds were taken through four transactions by three merchants using third-party payment services like PayPal and Venmo. Less than 36 hours after he realised money had been stolen, Chakinis said he notified Wells Fargo.