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

960 views

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 ?