Bank Deposit Delays: Frustrated Customers Await Payment
Some customers in the United States are still waiting for their direct deposit paychecks due to a "human error" in the Automated Clearing House (ACH) payments system. The issue, which emerged on Friday, has caused delays in payments and has affected multiple financial institutions. The Clearing House, the operator of ACH, is working with banks and the Federal Reserve to resolve the issue. While some delayed payments have been processed, it is unclear how widespread the impact is and how long it will take for all customers to receive their deposits. Federal regulators are monitoring the situation, and customers have expressed frustration over the lack of communication from their banks.
