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Federal interest withheld??

By Terry Savage on April 19, 2021 | Wild Card & Pandemic Related

My Chase Bank checking and savings accounts statements in the passed few months have a transaction withdrawal saying Federal Interest Withheld .01 in checking and .47 for savings. I’ve called Chase Bank and got Two responses. One she didn’t know and gave me the IRS number. The other response was they were conducting an audit and will be corrected when they’re done. Have you ever heard of this happening or how I should proceed?

Terry Says

No, but if it’s still going on, please send me an email to Terry@TerrySavage.com with the last four digits of your account number and your name and address. Give me the question again in the email, and I will forward it to my contact at Chase.

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