Dave Ramsey Calls Out A Major Bank After Caller's Alleged Scary App Issues. 'You're Dealing With The World's Worst Bank'

Core Insights - The episode of "The Ramsey Show" highlighted concerns regarding major banks, particularly Bank of America, after a caller experienced a banking scare with zero account balances [1][2][3] Banking Experience - A caller from Massachusetts reported a troubling experience with Bank of America, where his accounts displayed zero balances, leading to frustration and a lengthy hold time before the issue was resolved [2] - Dave Ramsey criticized Bank of America, labeling it as "the world's worst bank," and recommended switching to smaller, community-focused banks or credit unions for better service [3] Cash Management - Ramsey suggested that keeping a small amount of cash at home, between $1,000 to $2,000, can provide peace of mind, as long as it does not pose a significant financial risk if stolen [4] - The psychological comfort of having cash at home was emphasized, with Ramsey humorously referring to it as a "redneck emergency fund" [5] Critique of Major Banks - Ramsey pointed out that larger banks often neglect individual customers, citing Wells Fargo's fraud scandal as an example of their lack of accountability [7] - The importance of choosing a bank where customers can have a personal connection was stressed, as it relates to the management of personal finances and family well-being [7]