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Direct Deposits

All articles tagged with #direct deposits

finance2 years ago

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.

via CBS News|
#bank-of-america#customer-complaints#direct-deposits
finance2 years ago

ACH Banking System Issue Causes Nationwide Delay in Direct Deposits

Direct deposits are being delayed at multiple banks across the U.S. due to an issue with the Automated Clearing House (ACH) system, which is used for electronic funds transfers. Banks such as Bank of America, Chase, U.S. Bank, and Wells Fargo have confirmed the delays, assuring customers that their accounts remain secure and balances will be updated once deposits are received. The Federal Reserve reported a processing issue with a batch of transfers, specifically with ACH's private-sector operator, EPN. Hundreds of individuals have reported issues with their banks on platforms like Twitter and Downdetector.

via FOX 31 Denver|
#ach-banking-system#banking-issues#delayed-payments
finance2 years ago

Wells Fargo Faces Customer Complaints Over Missing Deposits

Wells Fargo customers have reported missing direct deposits from their bank accounts, with some users taking to social media to express their frustration. The company acknowledged the issue and stated that a "limited amount" of customers were affected, with most cases already resolved. Wells Fargo has faced various controversies in recent years, including fraudulent account openings and illegal repossession of vehicles.

via KTLA Los Angeles|
#banking#customer-complaints#direct-deposits
finance2 years ago

Wells Fargo Resolves Glitch Causing Missing Customer Deposits

Wells Fargo has announced that the glitch causing some customers' direct deposits to disappear from their bank accounts has been resolved. The issue, which began on Thursday, was attributed to an isolated tech glitch and was not related to cybersecurity. While the exact number of affected customers is unclear, Wells Fargo stated that only a limited number were unable to see recent check deposit transactions. Customers who notice missing funds are advised to contact the bank directly.

via CNN|
#banking#customer-service#direct-deposits
banking2 years ago

Wells Fargo Faces Customer Complaints Over Missing Deposits

Wells Fargo is facing a technical issue that has caused customers to report missing direct deposits from their bank accounts. Numerous customers reached out to the bank via Twitter, expressing their inability to access deposited funds and some even incurring overdraft fees. The extent of the problem is currently unknown, but Wells Fargo has acknowledged the issue and apologized for the inconvenience. This is not the first time such a glitch has occurred, as a similar incident was reported in March.

via CNN|
#banking#customer-complaints#direct-deposits