Business & Tech
Direct Deposits Delayed At Multiple U.S. Banks Friday: Report
The issue appears to be related to ACH, a network for processing transactions, rather than a bank-specific problem.

ACROSS AMERICA — Customers at multiple big banks have complained direct deposits were delayed Friday, according to Downdetector.
Among them are Bank of America, Chase, US Bank, Truist and Wells Fargo. The delay in deposits appears to be related to the Automated Clearing House, or ACH, a network for processing transactions, rather than a bank-specific problem, CNN reported.
“We know some direct deposits haven’t updated because a payroll company has not sent them to us yet,” a Chase spokesperson told CNN. “We will post them as soon as we can but we don’t know the timing yet.”
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Bank of America said in a message to its customers that some deposits that should ahve cleared Friday “may be temporarily delayed due to an issue impacting multiple financial institutions.”
“Your accounts remain secure, and your balance will be updated as soon as the deposit is received,” the message said. “You don’t need to take any action.”
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