Bank of America warns of deposit delays impacting multiple banks

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Bank of America warns of deposit delays impacting multiple banks
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Customers at Bank of America, Chase, U.S. Bank, Truist and Wells Fargo have complained of issues with their direct deposits on Friday.

Bank of America alerted customers on Friday that their deposits may be delayed due to a problem impacting multiple banks.Customers at Bank of America, Chase, U.S. Bank, Truist and Wells Fargo have complained of issues on Friday morning, according to Downdetector.A Chase spokesperson confirmed to CNN that some direct deposits haven’t updated.“We know some direct deposits haven’t updated because a payroll company has not sent them to us yet,” the spokesperson said.

In a message to customers on Friday, Bank of America said “some deposits may be temporarily delayed.”The message said the deposits from Friday may be 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,” the Bank of America message read. “You do not need to take any action.”Neither the Federal Reserve nor the U.S. Treasury Department were immediately available to comment.

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