Bank of America alerted customers on Friday that their deposits may be delayed due to a problem impacting multiple banks.
Customers at Bank of America, Chase, US Bank, Truist and Wells Fargo have complained of issues on Friday morning, according to Downdetector.
An industry source tells CNN that the issue appears to be related to the Automated Clearing House , which is a network for processing transactions. The source said the problem does not appear to be a bank-specific issue. In a message to customers on Friday, Bank of America said “some deposits may be temporarily delayed.”
The message said the deposits from Friday may be 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 Bank of America message read. “You do not need to take any action.”None of the banks provided a comment.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America says emerging markets are showing signs of capitulationSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
Read more »
Bank of America informs customers some deposits may be delayedRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Read more »
San Diego Blood Bank will donate meals to food bank for every donation in NovemberThe San Diego Blood Bank will offer blood donors a way to double their impact in the community this month by saving lives and feeding families in need, it was announced Thursday.
Read more »
Alpha Bank, Piraeus Bank profits up on higher interest ratesAlpha Bank, Piraeus Bank profits up on higher interest rates
Read more »
There is room for the market to moderate hawkish expectations for the UK and bring GBP downsideThe Bank of England kept the Bank Rate on hold today at 5.25%.
Read more »
Bank stocks mixed after Fed leaves rates unchanged, as Bank of America dips while Goldman Sachs risesSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Read more »