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I used RfP (Request for Payment) today for the first time. It was ~11k USD between IBKR and Chase and the transfer was instant with verification on both sides.
by AdamN 9mo ago
I used RfP (Request for Payment) today for the first time. It was ~11k USD between IBKR and Chase and the transfer was instant with verification on both sides. It's interesting to see the evolution of payments in the US moving so quickly over the past few years (FedNOW, etc...)
- physicsguy 9mo agoWait, can't you do that already?! I'm in my 30s but we've had pretty much instant payments as long as I've had a bank account (20+ years) in the UK.
- malyk 9mo agoNot in the US. It’s kinda why paypal, venmo, zelle exist. Filling a gap. Our banking system is quite backwards.
- drstewart 9mo agoNow try getting mobile signal on most of the underground, something every other metro in the world has had for 20+ years
- physicsguy 9mo agoI don't live in London and rarely go there, but everyone has to use banking...!
- rahimnathwani 9mo agohttps://www.ianvisits.co.uk/articles/how-london-finally-cracked-mobile-phone-coverage-on-the-underground-86784/ https://www.ianvisits.co.uk/articles/how-london-finally-crac...
- Aachen 9mo agoWdym verification on both sides, did the recipient have to do anything? You can't just send money to an account number?
- AdamN 9mo agoI was transferring to myself (different bank). The message from the sending bank triggered a push notification from the receiving bank which I approved and the money moved instantly. This works for up to $10MM I believe.