Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Customers at major US banks hit with deposit delays By: FOX Business November 03, 2023 at 16:42 PM EDT Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a system-wide processing issue. Several major U.S. banks on Friday experienced outages caused by a processing issue that led to deposit delays for customers.Bank of America, Wells Fargo, Chase, Truist and U.S. Bank were among the institutions affected.CLICK HERE TO READ MORE ON FOX BUSINESSThe Federal Reserve said on its website that the processing issue at its private sector automated clearing house operator had "resulted in a number of ACH entries having certain data elements obscured." Those items were "not able to be processed by receiving depository financial institutions" due to the issue, according to the alert.GET FOX BUSINESS ON THE GO BY CLICKING HERE"All Federal Reserve Financial Services are operating normally," the Federal Reserve said Friday afternoon.This is a developing story. Please check back for more updates. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Customers at major US banks hit with deposit delays By: FOX Business November 03, 2023 at 16:42 PM EDT Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a system-wide processing issue. Several major U.S. banks on Friday experienced outages caused by a processing issue that led to deposit delays for customers.Bank of America, Wells Fargo, Chase, Truist and U.S. Bank were among the institutions affected.CLICK HERE TO READ MORE ON FOX BUSINESSThe Federal Reserve said on its website that the processing issue at its private sector automated clearing house operator had "resulted in a number of ACH entries having certain data elements obscured." Those items were "not able to be processed by receiving depository financial institutions" due to the issue, according to the alert.GET FOX BUSINESS ON THE GO BY CLICKING HERE"All Federal Reserve Financial Services are operating normally," the Federal Reserve said Friday afternoon.This is a developing story. Please check back for more updates.