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submitted 2 years ago by [email protected] to c/[email protected]

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed's goal is to connect 9,000 financial institutions nationwide.

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[-] [email protected] 96 points 2 years ago

This is wild. Here in the UK we just transfer money from bank to bank in an instant using the banks own app.

[-] [email protected] 13 points 2 years ago

Same here in Canada, e-transfer with 0 fees is pretty normal.

[-] [email protected] 0 points 2 years ago

It's been a while since I did it but you can authorize it so all e-transfers are automatically accepted and deposited. I can't think of a scenario where that would be a bad thing.

[-] [email protected] 2 points 2 years ago

Yeah, I have auto-deposit enabled.

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this post was submitted on 24 Jul 2023
301 points (98.7% liked)

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