Tags: deposit | delay | bofa | jpmorgan | truist | u.s. bancorp

BofA, JPMorgan Experience Industry-wide Deposit Delays

BofA, JPMorgan Experience Industry-wide Deposit Delays
(AP)

Friday, 03 November 2023 02:37 PM EDT

Bank of America's mobile app flashed a message Friday that said customers could be facing temporary delays in depositing funds into their accounts after a technical glitch impacted multiple financial institutions.

The issue could be stemming from The Clearing House (TCH), a core payments system infrastructure owned by some of the largest commercial banks in the world.

"TCH has experienced a processing issue with a single Automated Clearing House (ACH) file. TCH is working with impacted financial institutions on the matter," a spokesperson for the association said in an emailed statement to Reuters.

Besides BofA, the issue was also impacting apps of JPMorgan Chase, Truist Financial and U.S. Bancorp , according to outage tracking website Downdetector.com.

The banks did not immediately respond to Reuters' requests for comment.

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
Bank of America's mobile app flashed a message Friday that said customers could be facing temporary delays in depositing funds into their accounts after a technical glitch impacted multiple financial institutions.
deposit, delay, bofa, jpmorgan, truist, u.s. bancorp
127
2023-37-03
Friday, 03 November 2023 02:37 PM
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