Customers at Bank of America, Wells Fargo and other banks grappling with deposit delays

Customers at major U.S. banks, such as Bank of America and Wells Fargo, expressed their grievances regarding delays in receiving their direct deposits on Monday.

These delays were a consequence of a payment processing glitch that originated on the previous Friday.

The Federal Reserve clarified that the issue did not stem from a cybersecurity breach and had been successfully resolved.

However, on Monday, customers continued to report delays in the arrival of their direct deposits. They took to social media to convey their concerns, pointing out that their expected paychecks had not yet reached their bank accounts, CBS News reported.

READ MORE: https://www.cbsnews.com/news/bank-of-america-wells-fargo-banks-direct-deposit-delays/

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