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It's replacing ACH which is not available to "consumers", only employers. Maybe I'm wrong.
by TedDoesntTalk 3y ago
It's replacing ACH which is not available to "consumers", only employers. Maybe I'm wrong.
- PaulDavisThe1st 3y agoI use the ACH all the time. I can't do it directly, but that's just an artifact that isn't of much significance to me, given that various financial services company give me access to use it as I need to. The same thing will presumably happen for FedNow.
- TedDoesntTalk 3y agoWhich bank gives ACH access to non-business accounts?
- PaulDavisThe1st 3y agoIt's ACH access without being ACH. I can trivially transfer cash to my kid's accounts at other banks, and to/from my 3rd party savings accounts, all via ACH. Likewise, PayPal and Wise (formerly Transferwise) provide it in the opposite direction: I can pull via ACH directly from my bank account.