Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

      • jeffw@lemmy.world
        link
        fedilink
        English
        arrow-up
        3
        ·
        1 year ago

        Bruh… the entire comment. 7 to 45 days… really? Gratuity… in a bank app?

        • abort_christian_babies@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          1
          ·
          edit-2
          1 year ago

          From Rocket Mortgage, a banking app.

          “Overall, the average time to close on a mortgage – the amount of time from when the lender receives your application to the time the loan is disbursed – is 52 days, according to Ellie Mae. Conventional loans had the shortest turnaround times at 51 days, followed by FHA loans at 55 days and VA loans at 57 days.”