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And yet somehow, certain ACH payments are "almost" instantenous. I have automatic transfer of my PayPal balance (to my bank) set up (most of my income arrives
by PaulDavisThe1st 2y ago
And yet somehow, certain ACH payments are "almost" instantenous.
I have automatic transfer of my PayPal balance (to my bank) set up (most of my income arrives via PayPal). Since I did this, the payment is in my bank account the next day, using the amount in the account within a minute or two of midnight.
There's also Zelle, which seems to be slowly spreading (with the emphasis on "slow" - its adoption rate seems far behind Venmo at the same point in Venmo's life).
- happymellon 2y agoConsidering Zelle is BOA's attempt to control the market and take a cut of every other banks transfer, I would reject it if I were you.
- PaulDavisThe1st 2y agoThis differs significantly from my understanding. Wikipedia says > Zelle (/zɛl/) is a United States–based digital payments network run by a private financial services company owned by the banks Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo. https://en.wikipedia.org/wiki/Zelle https://en.wikipedia.org/wiki/Zelle
- Brajeshwar 2y agoWasn’t there an announcement some time back that Zelle will be limited and/or not totally free or something like that.