The purpose of this disclosure is to explain how we make money without charging you for our content.
Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.
Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.
Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.
Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.
To find out more about our editorial process and how we make money, click here.
Banking records show an Illinois woman managed to overdraw her checking account $99,999,999,545.90 — after her funeral, according to a report from ABC Channel 7 Chicago.
Sheila Henderson contacted the television station when her deceased mother’s bank account was overdrawn by over $99 billion. The occurrence was shocking to Henderson, who told the ABC affiliate she “wouldn’t even know how to spend that much money!” (To put the figure in perspective, a Google search shows Bill Gates is worth $79.2 billion.)
Henderson, who is listed on the account, discovered the withdrawal when she called to check the balance to pay off some of her mother’s funeral expenses.
Read more: Identity Theft Protection
Chase Bank told ABC it’s looking into the issue and will work with Henderson to address it. At press time, Chase Bank had not responded to Credit.com’s request for comment.
Remember, as a basic rule of thumb, it’s important to check your bank and credit card statements not only for possible incidents of fraud and identity theft but for other potential errors as well. The sooner you contact your bank, the sooner they’ll be able to address the issue. (Of course, typically, you don’t encounter an issue as extreme as this one.) You’ll also minimize the odds of being held liable for any unauthorized charges or overdraft fees.