$120,000 Vanishes From Woman’s Bank Account, Banking Giant Says Account Will Be Terminated: Report

A woman in Arizona says her life savings of $120,000 has disappeared from her bank account – and her bank is now giving her the boot.

Margaret Lomax says she transferred the money to her Citibank account from a regional California bank called Farmers & Merchants, reports the CBS-affiliated news station KPHO.

Lomax says her Citibank account initially showed the money had arrived, but soon after her debit card was declined.

“[The money] was actually right there on the screen. And then poof! It just disappeared.”

Citibank then sent Lomax a notice in the mail saying she breached the bank’s terms of agreement, the money had been sent back to its “rightful owner,” and her account would be terminated in 60 days.

Lomax then contacted Farmers

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