The Clearing House, the private operator of ACH, told CNN on Monday it is working with banks and the Federal Reserve to “resolve this issue as quickly as possible.”
It’s not clear how widespread the impact continues to be or how long it will take for all customers to receive their deposits. Payments that did not go through late last week had to be resent, a process that can take time. The deposit delays are linked to a problem that emerged on Friday with the Automated Clearing House (ACH) payments system, causing headaches for consumers and employers.īanks stressed to customers that all funds are secure.
Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system.
