Customers at Bank of America, Wells Fargo and other large banks are still waiting for deposits to arrive in their accounts after one of the Federal Reserve’s payment systems experienced an outage on Nov. 3.
Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.the bug was caused by a"processing issue" in the Automated Clearing House — a payment processing network widely used by banks and employers to deposit wages into employee bank accounts.Banks stressed customer accounts “remain secure” and the Federal Reserve claims all of its services resumed at 4:44 pm UTC time.
However, customers are still complaining about the ordeal. One X user, Georgiaree Godrey says she still hasn’t been paid and as a result, cannot pay rent. Hello. Some deposits from 11/3 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. ^adrianAnother X user, “Des Imoto,” iterated that funds can’t be secure if they’re missing and suggested that Bitcoin serves as a fix to the problem at hand.
Hi, we appreciate you reaching out to us. We would like to see how we can help. Please send us your full name/ZIP/phone # and we would be happy to follow up with you. ^adrianaccordingin July, which allows banks and money transmitter services to make payments instantly, without needing to rely on the ACH.
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