CNN Opinion - "When untold numbers of Americans looked in.

Nov 10, 2023 · "When untold numbers of Americans looked in their bank accounts last week for their directly deposited paychecks, the money wasn’t there. ... This is just the latest example of …

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Opinion: Capped Deposit Insurance Is Destroying Banks | CNN

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May 5, 2023 · That flight is now well underway, with JPMorgan Chase having added $50 billion in deposits since late March alone, leaving it with over 16% of total deposits — far in excess of …

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FAQs about CNN Opinion - "When untold numbers of Americans looked in. Coupon?

Why was my bank of America deposit delayed?

Bank of America continues to display an alert to online customers warning them that “some deposits may be temporarily delayed” because of an “issue impacting multiple financial institutions.” “Your accounts remain secure, and your balance will be updated as soon as the deposit is received,” Bank of America said in the alert. ...

What happens if a deposit is delayed?

You also want to avoid a late fee or penalty interest from a creditor if your payment got delayed. “If the deposit delay caused a missed payment, it can help to provide the intended recipient with documentation of the delay as you request the waiver of any resulting fees and other penalties,” McClary said. ...

Which banks have been affected by a delayed payment?

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.” Just how many institutions were affected remains unclear. But Bank of America, Chase and US Bank have confirmed they were among them. ...

What happened to bank deposits that didn't go through late?

Banks stressed to customers that all funds are secure. Payments that did not go through late last week had to be resent, a process that can take time. It’s not clear how widespread the impact continues to be or how long it will take for all customers to receive their deposits. ...

What should I do if my deposit is delayed?

Monitor your account: “Anyone directly affected by the deposit delay should closely monitor their account activity,” said Bruce McClary, a spokesperson for the National Foundation for Credit Counseling. Check your account to see if the money has come in and once it does, “check to confirm that the deposit was processed accurately,” McClary said. ...

Why have some customers not received their deposits?

An industry source confirmed to CNN on Monday that it’s likely some customers haven’t received their deposits yet. The source stressed that banks are at the mercy of the originating bank to resend payment files. Federal regulators are watching closely. ...