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Fed’s new instant payment system could be trouble for PayPal, Venmo
(arstechnica.com)
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this post was submitted on 24 Jul 2023
301 points (98.7% liked)
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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?
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.
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…
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?
We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month
No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly