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.
A spokesperson for ACH operator The Clearing House told The Hill that there was a “processing issue” with a single file that affected less than 1% of the daily ACH volume across the country.
Both Chase and Bank of America gave statements to CNN, confirming that some deposits may be delayed.
Banks reassured customers on Friday. “Customer accounts remain secure, and balances will be updated when deposits are received. We do not have an estimate on timing at this point. Customers do not need to take any action,” Lee Henderson, vice president of public affairs and communications at U.S. Bank, told The Hill in a statement.
The Fed reported that 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.