Delays hit some direct deposits in America
US banks experience some typical banking issues common in most developing economies, and the experiences are national news. Yes, direct deposits are not dropping on time due to a tech error.
Expecting a direct deposit? Double-check your account — and don't panic if it's not there. A processing error at the Automated Clearing House, the national network that handles electronic funds transfers between banks, delayed some deposits Friday. Customers at Chase, Wells Fargo and Bank of America were among those reporting issues. A spokesperson for the operator of ACH said the problem stemmed from a manual issue unrelated to any sort of hack, and banks say deposits are safe. “Customer accounts remain secure, and balances will be updated when deposits are received," U.S. Bank told CNBC.