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Lol having spent 7 years at a major bank in the R&D space, I know quite a bit. It really depends what you mean about payment clearing. With Zelle you can send
by lettergram 4y ago
Lol having spent 7 years at a major bank in the R&D space, I know quite a bit.
It really depends what you mean about payment clearing. With Zelle you can send someone money in a few seconds. I’ve done transactions up to a couple thousand.
That said it doesn’t “clear” immediately if that’s what you mean. Typically, I can use the funds within 3-5 min, so idk seems pretty darn fast.
- nixgeek 4y agoThis seems a reasonable summary and FedNow is stated as being faster to settle than Zelle. https://www.paymentsjournal.com/the-distinctions-between-faster-payments-and-real-time-payments/ https://www.paymentsjournal.com/the-distinctions-between-fas...
- imtringued 4y agoOk but please read up on FedNow so you remain an expert.
- deleted 4y ago[deleted]