Customers grapple with deposit delays at big banks. What it means for you
www.cnbc.com
Customers at several big banks on Friday wrestled with direct deposit delays, stemming from an industry-wide processing issue.
    • Tygr@lemmy.worldEnglish
      51·
      11 months ago

      You rent. Your corporate landlord is not a lender. Therefore you are stuck because you didn’t meet your payment obligations on your lease contract.

      It sure is interesting to see mortgage lenders are having to be more lenient than landlords. That’s brutal.

  • return2ozma@lemmy.worldOP
    51·
    11 months ago

    The Fed reported a processing issue with the Electronic Payments Network, a private sector operator for Automated Clearing House, or ACH, a network that processes transactions.

    “There was a processing error with an ACH file last night; it was a manual error associated with the file,” said Gregory MacSweeney, a vice president and head of communications at The Clearing House, the banking association and payments company that owns the EPN processing system.

  • InvaderDJ@lemmy.worldEnglish
    3·
    11 months ago

    How was there a deposit issue and not a withdrawl problem? That’s a little suspicious.