Bank Customers Face Deposit Delays at Major US Banks

Customers at major U.S. banks, including Bank of America and Wells Fargo, experienced delays with their direct deposits due to a glitch in payment processing that began on Friday. The issue was not related to cybersecurity and was reportedly resolved by the Federal Reserve, but customers continued to report delays on Monday. Banks such as JPMorgan Chase promised to post scheduled direct deposits as soon as possible and refund any overdraft fees incurred. Customers also reported other issues with funds transfers and online banking.