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

    • @[email protected]
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      71 year ago

      Here in the US it’s only instant if it’s coming out of your account.

      If it’s coming out of the bank’s account

      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?

    • @[email protected]
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      41 year ago

      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…

    • MasterOBee Master/King
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      11 year 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?