▲ 301 ▼ Fed’s new instant payment system could be trouble for PayPal, Venmo (arstechnica.com) submitted 3 years ago by L4s@lemmy.world [M, B] to c/technology@lemmy.world 87 comments fedilink hide all child comments Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed's goal is to connect 9,000 financial institutions nationwide.
[+] abort_christian_babies@lemmy.world 49 points 3 years ago* (last edited 2 years ago) (12 children) [deleted] permalink fedilink source parent hideshow 12 child comments replies: [–] Whirlybird@aussie.zone 7 points 3 years ago (2 children) Here in the US it’s only instant if it’s coming out of your account. If it’s coming out of the bank’s account Can you please explain the difference here, because that doesn't make sense to me. When am I ever transferring money out of the banks account instead of mine? permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world 6 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] Whirlybird@aussie.zone 1 point 3 years ago Ah ok, all good. I guess it's showing how bad the state of affairs is with payments in the USA when I had to ask that question haha. permalink fedilink source parent [–] malloc@programming.dev 4 points 3 years ago This is what banking looks like if you are poor, unfortunately. Those cash checking places are fucking evil. Then the payday loan companies with usury… permalink fedilink source parent [–] MasterObee@lemmy.world 1 point 3 years ago (7 children) What bank do you have that charges $35 for a transfer? I transfer between b of a and chase bank, both known for having decently high fees, without any of those fees. The $35 amount I've only seen with overdrafting. Do you overdraft every single transfer? permalink fedilink source parent hideshow 7 child comments replies: [–] abhibeckert@lemmy.world 6 points 3 years ago* (6 children) That was sarcasm. permalink fedilink source parent hideshow 6 child comments replies: [–] MasterObee@lemmy.world -2 points 3 years ago (5 children) Which part? The fees? permalink fedilink source parent hideshow 5 child comments replies: [–] jeffw@lemmy.world 6 points 3 years ago (4 children) Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app? permalink fedilink source parent hideshow 4 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] jeffw@lemmy.world 1 point 3 years ago (2 children) We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent
[–] Whirlybird@aussie.zone 7 points 3 years ago (2 children) Here in the US it’s only instant if it’s coming out of your account. If it’s coming out of the bank’s account Can you please explain the difference here, because that doesn't make sense to me. When am I ever transferring money out of the banks account instead of mine? permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world 6 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] Whirlybird@aussie.zone 1 point 3 years ago Ah ok, all good. I guess it's showing how bad the state of affairs is with payments in the USA when I had to ask that question haha. permalink fedilink source parent
[+] abort_christian_babies@lemmy.world 6 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] Whirlybird@aussie.zone 1 point 3 years ago Ah ok, all good. I guess it's showing how bad the state of affairs is with payments in the USA when I had to ask that question haha. permalink fedilink source parent
[–] Whirlybird@aussie.zone 1 point 3 years ago Ah ok, all good. I guess it's showing how bad the state of affairs is with payments in the USA when I had to ask that question haha. permalink fedilink source parent
[–] malloc@programming.dev 4 points 3 years ago This is what banking looks like if you are poor, unfortunately. Those cash checking places are fucking evil. Then the payday loan companies with usury… permalink fedilink source parent
[–] MasterObee@lemmy.world 1 point 3 years ago (7 children) What bank do you have that charges $35 for a transfer? I transfer between b of a and chase bank, both known for having decently high fees, without any of those fees. The $35 amount I've only seen with overdrafting. Do you overdraft every single transfer? permalink fedilink source parent hideshow 7 child comments replies: [–] abhibeckert@lemmy.world 6 points 3 years ago* (6 children) That was sarcasm. permalink fedilink source parent hideshow 6 child comments replies: [–] MasterObee@lemmy.world -2 points 3 years ago (5 children) Which part? The fees? permalink fedilink source parent hideshow 5 child comments replies: [–] jeffw@lemmy.world 6 points 3 years ago (4 children) Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app? permalink fedilink source parent hideshow 4 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] jeffw@lemmy.world 1 point 3 years ago (2 children) We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent
[–] abhibeckert@lemmy.world 6 points 3 years ago* (6 children) That was sarcasm. permalink fedilink source parent hideshow 6 child comments replies: [–] MasterObee@lemmy.world -2 points 3 years ago (5 children) Which part? The fees? permalink fedilink source parent hideshow 5 child comments replies: [–] jeffw@lemmy.world 6 points 3 years ago (4 children) Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app? permalink fedilink source parent hideshow 4 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] jeffw@lemmy.world 1 point 3 years ago (2 children) We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent
[–] MasterObee@lemmy.world -2 points 3 years ago (5 children) Which part? The fees? permalink fedilink source parent hideshow 5 child comments replies: [–] jeffw@lemmy.world 6 points 3 years ago (4 children) Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app? permalink fedilink source parent hideshow 4 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] jeffw@lemmy.world 1 point 3 years ago (2 children) We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent
[–] jeffw@lemmy.world 6 points 3 years ago (4 children) Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app? permalink fedilink source parent hideshow 4 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] jeffw@lemmy.world 1 point 3 years ago (2 children) We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent
[+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] jeffw@lemmy.world 1 point 3 years ago (2 children) We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent
[–] jeffw@lemmy.world 1 point 3 years ago (2 children) We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month permalink fedilink source parent hideshow 2 child comments replies: [+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent
[+] abort_christian_babies@lemmy.world -1 points 3 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 1 child comment replies: [–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent
[–] jeffw@lemmy.world 1 point 3 years ago No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly permalink fedilink source parent