BofA notifies customers of temporary industry-wide deposit delays
(Reuters) — 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 (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 (NYSE:JPM), Truist Financial (NYSE:TFC) and U.S. Bancorp, according to outage tracking website Downdetector.com.
The banks did not immediately respond to Reuters' requests for comment.
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