Direct deposits at several big banks across the United States failed to post on Friday, November 3rd. Paycheck direct deposits are credited to bank accounts through a system called Automated Clearing House or ACH. There was a human error with this system that caused widespread outages on Friday. This, obviously, is the worst possible day for such a thing to happen because it is when most working people get paid. Spokespersons for these banks are referring to this as a “delay.” This “delay” does not necessarily have a specific date and time that it will be resolved. It is not known how many people are still waiting for their bank account balances to be updated.
Customers grapple with deposit delays at big banks
Bank of America warns of banking industry deposit delays | CNN Business
Direct deposits delayed for some across US due to bank system issue | FOX31 Denver
Multiple deposit delays across US banks linked to ACH system error
Major banks see delays in deposits, Bank of America says | Charlotte Observer