Posted on 11/03/2023 11:41:40 AM PDT by EBH
DENVER (KDVR) — Some people are not getting their paychecks Friday due to a banking system issue. Deposits are reportedly delayed at multiple banks across the U.S.
The Federal Reserve is reporting an issue with the Automated Clearing House, which is the primary system agencies use for electronic funds transfers.
Customers of Bank of America, Chase, U.S. Bank, Wells Fargo and other banks have been reporting issues with deposits on X, formally Twitter, and Downdetector.
Both Chase and Bank of America gave statements to CNN, confirming that some deposits may be delayed.
The Fed reported a batch of transfers had a processing issue. The agency further stated that the issue appears to be a processing matter with EPN, which is ACH’s private-sector operator.
Any deposits authorized on Nov. 2 at 6 p.m. appear to have the account and recipient information obscured, according to the Federal Reserve.
According to Downdetector, hundreds of individuals are complaining of issues with their banks, including Huntington Bank, PNC, TD Bank, Chase and Bank of America.
(Excerpt) Read more at kdvr.com ...
Test run by the Globalists
Here come the CBDCs.
China hackers
SNAP benefits better not be late or there will be rioting.
Damn Putin and his Rooskys!
This Regime is failing at the basics now.
Even reliably keeping the lights on is now beyond them.
Russia, China, or muhamedans attacking electronically?
Hezbollah’s Nasrallah DID promise something ‘big’ on Friday. Neither they, nor Iran cannot do anything militarily without being stomped on, so this may be from them.
i got my SS direct depost, so i guess i bank at the right place, not chase nor Boa
lucky you.
deposits from a very specific time yesterday did not process correctly.
See “when the music stops” by Matt Bracken.
And all those thieving money grubbing big bank A$$}{0£€$ are rubbing their hands together at the prospect of all the overdraft fees they will try to charge customers that have autopay for their bills setup...
The ACH system is at the foundation of the American banking system, enabling banks to send electronic credit and debit payments. Businesses use the ACH system to directly deposit paychecks of their employees and customers use it to directly pay mortgages and utility bills.
https://www.cnn.com/2023/11/03/investing/bank-deposit-outage/index.html
This is a big deal if I understand the story correctly. Whoa!
and i paid most of my bills today too. so ya i bank right
>>Greg MacSweeney, a spokesperson for The Clearing House, said the problem was caused by a “manual error” and is not linked to a cybersecurity issue.
>>“TCH is working with impacted financial institutions on the matter,” MacSweeney said in a statement.
https://www.cnn.com/2023/11/03/investing/bank-deposit-outage/index.html
We may never know the truth...
Only if you are counting on your paycheck to cover the rent or keep the lights on.
>>EPN has informed us that these items are not able to be processed by receiving depository financial institutions (RDFIs) because of the obscured data. EPN has instructed its participants to initiate returns, and originating depository financial institutions (ODFIs) will need to be prepared to initiate new items to complete the payments.
https://frbservices.org/app/status/outage.do?oId=145496
This is not going to be quick to fix completely, depending on how fast the returns are sent by the RDFIs and how soon the ODFIs can resubmit the payments. Especially considering that today is Friday.
I use Credit unions never had an issue.
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