![]() ![]() If you were relying on a deposit to pay your bills and you came up short as a result of the delay - even if the money is now deposited in your account - here is what you can do to avoid getting dinged for a problem you did not create. But it likely affected both personal and business accounts, and included not just direct deposited paychecks to employees but also payments individuals made to creditors (e.g., mortgage lenders, utilities and credit card issuers) as well as business-to-business payments. But Bank of America, Chase and US Bank have confirmed they were among them.Īlso still unclear: the number of accounts and all the different types of payments that got hung up. Just how many institutions were affected remains unclear. The Clearing House, which is the private operator of the Automated Clearing House payments system, has since told CNN “the vast majority of … delayed payments have already been posted.” A payment processing error that caused delays in some deposits that were originally expected to post to customer accounts in the first three days of November was unwelcome news to bank customers who were affected.
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