Saturday, November 4, 2023

Multiple US banks warn deposits may be temporarily delayed

"Several US banks were affected by delays in deposits. The Federal Reserve announced that
the failure was caused by an error in a payment processing network.

Users of Chase, US Bank, Truist, Wells Fargo and Bank of America began reporting failures on Downdetector starting at 8:00 a.m. ET, the number of which has decreased, but continue. The US central bank told banks that the problem was caused by a “processing issue” at the private sector operator of Automated Clearing House (ACH), a national network to process transactions." MS

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