[Local-Gov-News] Update Local Government ACH transaction Delay

[Brady Coy]

Our originating bank has completed the process of pushing out Local Government ACH transactions scheduled to settle into your bank account today (those called in yesterday prior to 1:00 PM).  Receiving bank accounts at US Bank should see transfers occur today, but bank accounts at other financial institutions may experience a delay of one day in receiving their ACH transfer for today.
For local governments concerned about a possible day delay in their pool withdrawal, Treasury can process a same day wire transfer and waive the associated wire fee.
Please call Local Government customer support at 1-800-452-0345 if you would like to have us send a same day wire as a result of this possible ACH transfer delay.
We will provide additional updates and information as it becomes available.


_____________________________________________
From: COY Brady T
Sent: Wednesday, August 04, 2010 9:50 AM
To: 'local-gov-news at listsmart.osl.state.or.us'
Subject: Local Government ACH transaction Delay


Due to system issues at our originating bank, Local Government transfers called into Treasury yesterday (8/3/10) prior to 1:00 PM may be delayed in posting to your bank account today.  Our originating bank is working to push ACH transactions out this morning, but some transfers may not post to your bank account until tomorrow (8/5/10).
We will provide additional updates and information regarding this issue as they become available.
We apologize for any inconvenience caused by this issue.




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