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Bank of America (NYSE:BAC) warned its customers on Friday that their deposits may be delayed due to an issue impacting multiple banks.
Customers at Bank of America (BAC), JPMorgan Chase (JPM), US Bancorp (USB), Truist (TFC), and Wells Fargo (WFC) complained of problems on Friday, according to CNN, which cited the Downdetector site.
The issue appeared to be related to the Automated Clearing House, a network for processing transactions, according to the CNN report, which cited an industry source. The source told CNN the problem doesn’t appear to be a bank-specific issue.
Bank of America (BAC) didn’t immediately respond to a Seeking Alpha email request for comment.
