KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Sunday, December 10, 2023
© 2023 U-S-NEWS.COM
Online Readers: 336
New York: Sunday, December 10, 2023
Online: 340
Join our "Free Speech Social Platform ONGO247.COM" Click Here
Money & Business: Bofa Notifies Customers Of Temporary Industry Wide Deposit

MONEY & BUSINESS: BofA notifies customers of temporary industry-wide deposit delays – One America News Network

Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

November 3, 2023 – 7:31 PM UTC

(Reuters) – Bank of America’s (BAC.N) mobile app flashed a message on Friday that said customers could be facing temporary delays in depositing funds into their accounts after a technical glitch impacted multiple financial institutions.

Advertisement

The issue could be stemming from The Clearing House (TCH), a core payments system infrastructure owned by some of the largest commercial banks in the world.

“TCH has experienced a processing issue with a single Automated Clearing House (ACH) file. TCH is working with impacted financial institutions on the matter,” a spokesperson for the association said in an emailed statement to Reuters.

Besides BofA, the issue was also impacting apps of JPMorgan Chase (JPM.N), Truist Financial (TFC.N) and U.S. Bancorp (USB.N), according to outage tracking website Downdetector.com.

The banks did not immediately respond to requests for comment.

An alert on the Federal Reserve Financial Services website said all services were operating normally as of 12:44 PM Eastern Time (ET).

Reporting by Niket Nishant and Manya Saini in Bengaluru, Saeed Azhar and Tatiana Bautzer in New York; Editing by Shweta Agarwal

Share this post!





Source link

(Visited 7 times, 1 visits today)
OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today
OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today