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3 days to do a bank transfer, ouch, that's a blast from the past. Sounds like you desperately need the Faster Payments system we have in the UK - allows you to
by lukebennett 11y ago
3 days to do a bank transfer, ouch, that's a blast from the past. Sounds like you desperately need the Faster Payments system we have in the UK - allows you to transfer money between accounts (at different banks) instantly. Other than collections at church and the occasional business that doesn't take card, I hardly ever use cash these days.
- jdhawk 11y agoWe need a whole lot more than just F.P.
- Johnie 11y agoSame Day ACH has been in talks in the US for years. It may actually come this year. https://www.nacha.org/rules/same-day-ach-moving-payments-faster https://www.nacha.org/rules/same-day-ach-moving-payments-fas...
- kevin_thibedeau 11y ago> The Rule includes a “Same Day Fee” on each Same Day ACH transaction so that RDFIs would recover, on average, their costs for enabling and supporting Same Day ACH. Never doubt the American banking system's capacity to gouge the customer.