Some Deposits May be Temporarily Delayed

[sunny225]

www.zerohedge.com/markets/some-deposits-may-be-temporarily-delayed-downdetector-shows-service-disruptions-us-banks


"Some Deposits May Be Temporarily Delayed": Downdetector Shows Service Disruptions At US Banks


BY TYLER DURDEN

FRIDAY, NOV 03, 2023 - 10:19 AM

Update (1315ET):





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Update (1300ET):



A Chase spokesperson told CNN:



"We know some direct deposits haven't updated because a payroll company has not sent them to us yet," the spokesperson said. "We will post them as soon as we can but we don't know the timing yet."



An industry insider told the media outlet: "The issue appears to be related to the Automated Clearing House (ACH), which is a network for processing transactions."



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Downdetector has reported that several US banks are facing service disruptions on Friday morning. Meanwhile, users on the 'free speech' social media platform X complain that the Automated Clearing House system is down.


more at link

[farmrbrown]

Ruh Roh.......

[sunny225]

www.the-express.com/finance/personal-finance/117297/Bank-of-America-Chase-Wells-Fargo-down

Bank of America, Chase and Wells Fargo crash: Systems down and direct deposits fail
Banking giants Truist, Bank of America, Chase, US Bank, and Wells Fargo faced a system crash today, causing delays in direct deposits. The disruption started around 8am ET and ended at about 1:30pm ET.
By EMILY HODGKIN
14:42 ET, Fri, Nov 3, 2023 | UPDATED: 15:07 ET, Fri, Nov 3, 2023
0BOOKMARK
Bank Of America

Truist, Bank of America, Chase, US Bank, and Wells Fargo customers reported delays (Image: Getty)
Truist, Bank of America, Chase, US Bank, and Wells Fargo customers reported delays in their direct debit deposits and paychecks. Wells Fargo was the first to acknowledge the issue on social media, stating they were working towards a solution. Bank of America also confirmed the problem to its customers.

The issue reportedly centred around a delay in processing transactions through the Automated Clearing House (ACH) network, which is typically used for electronic fund transfers and direct deposits, according to CNN.

Bank of America reassured its customers that their accounts remain secure despite the delay. The bank informed customers that some deposits from Friday might be temporarily delayed due to the issue affecting multiple financial institutions.

Bank of America reassured customers that they don't need to do anything and their account balances would be updated as soon as the deposits were received and processed. The problem appears to have been caused by a delay in the transmission of direct deposits from a payroll company to the affected banks. more at link

[Ozarks Tom]

Wait, what? Washn't the ACH just implemented to speed up bank transfers? Well, who knows, maybe they hired the same yokels who designed the Obamacare website.

[daw]

Or did the fluffy head that is facing 115 years in prison
with biggest fraud in all time? And he is ignorant, or so he claims