why can’t online bills or payments be drafted instantly?

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Seriously why does it take “3 to 5” business days to take the money from my account when it’s all handled electronically?

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32 Answers

Anonymous 0 Comments

Because the older systems behind payment cannot do it instantly, and no one feels the need to change to the newer ones because the old ones work well enough for those companies that use them.

There is a lot of old stuff in banking that they don’t change because it works and it would cost money to change it to something else.

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