Bank Deposit Delays Impact Customers

Some customers are still experiencing bank deposit delays accessing their payments.

A confused and frustrated man reads something on his smartphone.
(Image credit: Getty Images)

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. 

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.