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?

In: 294

32 Answers

Anonymous 0 Comments

If you’re in the US it’s because the check clearing houses are used for the transactions, and they make interest off of your money while it’s in limbo.

Anonymous 0 Comments

If it cleared instantly, how could you contest any withdrawl from your account, let alone someone stealing all your money ?