Fed’s new instant payment system could be trouble for PayPal, Venmo::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.
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Can you please explain the difference here, because that doesn’t make sense to me. When am I ever transferring money out of the banks account instead of mine?
My comment was worded in an intentionally inflammatory way for sarcasm and humor. Poking fun at this pester charging for everything culture.
To answer your question though.
The point of view of the leveraging bank money, a loan, credit, refund.
To be fair, general banking has gotten a lot faster in both directions. So my snark is marginal at best.
Ah ok, all good. I guess it’s showing how bad the state of affairs is with payments in the USA when I had to ask that question haha.
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?
That was sarcasm.
Which part? The fees?
Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app?
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We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month
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No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly
This is what banking looks like if you are poor, unfortunately.
Those cash checking places are fucking evil. Then the payday loan companies with usury…