Bank Customers Complain of Direct Deposit Delays, CNN Says
04 November 2023 - 4:59AM
Dow Jones News
By Denny Jacob
--Customers at Bank of America, Chase, US Bank, Truist and Wells
Fargo have complained of issues on Friday morning, CNN reported,
citing the Downdetector online outage monitoring platform.
--The issue appears to be related to the Automated Clearing
House, a network for processing transactions that's operated by the
Federal Reserve Banks and the Electronic Payment Network, the
report said, citing an industry source.
--A Chase spokesperson confirmed to CNN that some direct
deposits haven't updated. None of the banks provided a comment,
while the Federal Reserve nor the Treasury Department were
immediately available for comment, according to the report.
Full story at
https://www.cnn.com/2023/11/03/investing/bank-deposit-outage/index.html
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
November 03, 2023 13:44 ET (17:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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