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Ask Fear & Greed: Why aren't all bank transfers instant?

Ask Fear & Greed: Why aren't all bank transfers instant?

Fast Five by Fear and Greed · Fear and Greed

February 15, 20255m 38s

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Show Notes

Listener Chris asks: A personal bugbear of mine. Why on earth does a bank still take up to three days to transfer money from one account to another person's acount? I know there are faster options now with Osko and the like, but I'll often still get an alert saying it may take two business days to clear. What's there to clear? It's my money, it's digital, and it should be instant!

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