At least where I live, if I make a transfer between my accounts (with different banks) too late on a Friday, the money won’t be available until Monday. But there are no humans involved in this process – it seems to me that could be instantaneous as far as the technology is concerned. What am I missing?
In: 1897
I think this is largely a location thing.
From what I’ve read on here. US banks seem very outdated.
Like can’t transfer people money easily via app (hence cashapp is huge).
In the UK. I can transfer what I want, to who I want, when I want. Be it an account of my own at a different bank, or another person.
There may be a verification security step if it’s to a new person with some banks, but that’s all automated via a text or email code.
They are instant mostly. I can login to the other bank app, and it’s already there.
Latest Answers