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.

Customers at Bank of America and several other big banks reported Friday that their direct deposits hadn't shown up in. their accounts.
Customers at Bank of America and several other big banks reported Friday that their direct deposits hadn't shown up in. their accounts. (Liz Markhlevskaya/Patch)

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.”

Find out what's happening in Across Americafor free with the latest updates from Patch.

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.”

Find out what's happening in Across Americafor free with the latest updates from Patch.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.