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
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      1 year ago

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

      • abort_christian_babies@lemmy.world
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        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.”