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Fed’s new instant payment system could be trouble for PayPal, Venmo (arstechnica.com)
submitted 3 years ago by [M, B] to c/technology@lemmy.world
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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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[–] 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?

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  • [–] 6 points 3 years ago* (6 children)

    That was sarcasm.

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  • [–] -2 points 3 years ago (5 children)

    Which part? The fees?

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  • [–] 6 points 3 years ago (4 children)

    Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app?

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  • [+] -1 points 3 years ago* (last edited 2 years ago) (3 children)
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  • [–] 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

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