Eli5: why does it still take 2 business days for a check to clear when other transactions are instant?
In: 146
Depends on the bank.
USAA gives you an instant balance on check deposits through the app and clears direct deposit a day earlier than most.
Fun fact, your paycheck works the same way as a check and also has a clearing process, it’s deposited a day or two prior to your actual payday.
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