Customers are still experiencing problems after bank deposit delays were caused by a processing error last week. While the issue was unrelated to bank failures that plagued the spring, this comes at the end of a year when many wondered if their bank deposits are safe, adding to anxieties.
The Automated Clearing House (ACH), which is operated by the Federal Reserve Banks and the Electronic Payment Network, said there was a processing error on November 2, leading many direct deposits that were supposed to post on November 1, 2 or 3 to be delayed.
