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Same day ACH is available if you have a bank that supports it. My small credit union has same day (and free) ACH if I get it in by noon.
by wil421 7y ago
Same day ACH is available if you have a bank that supports it. My small credit union has same day (and free) ACH if I get it in by noon.
- kalleboo 7y agoThe new EU SEPA system launched in 2017 has 10-second settlement and it's available 24/7. You're not going to compete with Venmo, PayPal and Libra with "same day if I get it in by noon"
- wil421 7y agoZelle has instant settlement for banks that use it, including two of the three banks I use. ACH goes through the FED before it is processed by the receiving bank. Is SEPA sent to the ECB before clearing? I’ve worked in Fintech for 6+ years. Banks are dinosaurs and the US banks are terrible at adopting new processes/tech. In the US we are in a standard war with ACH, Zelle, and other payment schemes fighting for market share.