BofA notifies customers of temporary industry-wide deposit delays

Nov 3 - 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.An alert on the Federal Reserve Financial Services website said all services were operating normally as of 12:44 PM Eastern Time . Reporting by Niket Nishant and Manya Saini in Bengaluru, Saeed Azhar and Tatiana Bautzer in New York; Editing by Shweta Agarwal

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