BofA notifies customers of temporary industry-wide deposit delays

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Raine Maida on marriage, music and the Maritimes | SaltWire - Bank of America's 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.

The issue could be stemming from The Clearing House , 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 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, Truist Financial and U.S. Bancorp, according to outage tracking website Downdetector.com.

 

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