Banks serving as guinea pigs for Federal Reserve’s instant payments system
arstechnica.com
The Fed's goal is to connect 9,000 financial institutions nationwide.

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

  • MasterOBee Master/KingEnglish
    98·
    2 years ago

    What bank do you have that charges $35 for a transfer?

    I transfer between b of a and chase bank, both known for having decently high fees, without any of those fees.

    The $35 amount I’ve only seen with overdrafting. Do you overdraft every single transfer?

        • jeffwEnglish
          7·
          2 years ago

          Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app?

            • jeffwEnglish
              21·
              2 years ago

              We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month

                • jeffwEnglish
                  1·
                  2 years ago

                  No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly