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The biggest 4 banks ... do support near-instant transfers? Probably in at least three forms each pairwise? I'm not sure why we're pretending the US doesn't have
by naniwaduni 3y ago
The biggest 4 banks ... do support near-instant transfers? Probably in at least three forms each pairwise? I'm not sure why we're pretending the US doesn't have infrastructure for instant transfers, there are like at least four directly supported systems, a couple accidental ones, and a whole host of third-parties in the space, each with a different set of tradeoffs and spotty support.
- viraptor 3y agoYeah... That's not really a solution, is it? They're not pushing a common standard that way and the small banks will have to play stupid games instead of implementing "the" solution.
- esrauch 3y agoDo they? When I move money between two accounts each in large banks it takes a day or more to clear. It would literally be an order of magnitude faster for me to walk to the a branch of one, withdraw, walk to a branch of the other to deposit than it is to move the money online.