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Does Meta Pay have a checking account as part of each account that you can withdraw from directly via an ATM? Or does Meta Pay need to transfer the money into a
by krferriter 4y ago
Does Meta Pay have a checking account as part of each account that you can withdraw from directly via an ATM? Or does Meta Pay need to transfer the money into a 3rd party checking account that you can then withdraw from? That second step may not be instantaneous, depending on which bank the account is at.
- basch 4y agothere's no account. its just your checking account. and their checking account. facebook fronts the money, deposits it as a non pending transaction. then it takes your money. ive done it with multiple people at multiple banks. its never been more than minutes.
- krferriter 4y agoGood to know, that is pretty useful for immediate transfers. I've done transfers between accounts at the same bank before, using their own website, and it still takes like 24 hours to leave 'pending' state.