A processing glitch has held up a 'small percentage' of bank deposits since Thursday, overseer says

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A processing glitch has held up a 'small percentage' of bank deposits since Thursday, overseer says
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A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays in settling deposits, some of which remain stalled.

Community group unhappy with $1.8 purchase of liquor store near new Medical Examiner’s office; wants to know future planThere’s not much time left to get this full leg massager at a discounted priceFILE - The Bank of America logo is seen on a branch office, Oct. 14, 2022, in Boston. A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays since Thursday, Nov. 2, 2023, in settling deposits, some of which remain stalled.

TCH apologized for the error and emphasized that individual banks were not responsible for the situation. It also noted that the issue affected only a “very small percentage” of all transactions. It said it was working with the banks, their customers and the Federal Reserve to fix the problem as quickly as possible.

Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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