BREAKING: Wells Fargo customers report missing direct deposits amid 'technical issue'

The supposed glitch comes the same day that Silicon Valley Bank was closed and seized by the FDIC.

Hannah Nightingale Washington DC

On Friday morning, Wells Fargo customers reported missing direct deposits in their accounts.

According to ABC 8, Wells Fargo said in a statement that the company is aware that "some customers’ direct deposit transactions are not showing on their accounts, however funds in accounts are accurate and available."

"We are working quickly on a resolution and apologize for the inconvenience. Customers’ accounts continue to be secure,” Wells Fargo said in response. 

Forbes reported that in the Wells Fargo app, customers are told, "If you see incorrect balances or missing transactions, this may be due to a technical issue and we apologize."

DownDetector, a website that tracks online outage reports through user submissions, noted an increase in issues just before 8 am Eastern.

The supposed glitch comes the same day that Silicon Valley Bank was closed and seized by the FDIC after customers made a run on the bank and the institution was unable to secure additional capital to make up for a $1.8 billion loss on asset sales.


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