Several US banks are facing service disruptions today. Meanwhile, users on the 'free speech' social media platform X complain that the Automated Clearing House system is down.
Downdetector.com shows Truist, Bank of America, Chase, US Bank, and Wells Fargo are experiencing widespread outages and disruptions that began around 0800 ET.
A message on Bank of America's webpage reads, "Some deposits may be temporarily delayed ... Some deposits from 11/03 may be temporarily delaved due to an issue impacting multiple financial institutions. Your accounts remain secure, and your balance will be updated as soon as the deposit is received. You do not need to take any action."
Hal Turner Remarks
I see about 5 US banks listed as being offline over on down detector website. (HERE)
Bank of America
My bank (Capital One) is **NOT** affected at all.
One wonders if the situation in the Middle East has Hackers going after the US banking system?
Apparently, it's a particular clearinghouse that B of A, Chase and Huntington use. That went down last night. They just got it up and running and I was told that most will get their deposits within 2 hours. Tonight at latest"
BofA rep just told me that the Fed sent the banks a bulletin that there was an outage overnight but that the servers are back online now and the deposit backlogs should be worked through by end of day today.
My wife contacted her company's bank this morning. They reported that the issue is with the banks that use what's called the 'Federal EPM Processing Clearinghouse,' and that they had a widespread server outage overnight, but that they are back online and processing the backlog.