FedNow
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https://www.federalreserve.gov/newsevents/pressreleases/other20220829a.htm
We may be slowly catching up to Europe when it comes to instant bank-to-bank transfer for the masses.
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I tried to use my Zelle. Sent a buck to my daughter to make sure the connection worked, then tried to send $3500 for tuition the next day. It failed and locked us out of our online banking entirely for several days. Now I understand why they would want to look at that, but no one called or contacted us in any way to investigate, and getting banking turned back on was a muti day multi-hour nightmare.
It was bad enough that I wrote a letter to the bank president.
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I tried to use my Zelle. Sent a buck to my daughter to make sure the connection worked, then tried to send $3500 for tuition the next day. It failed and locked us out of our online banking entirely for several days. Now I understand why they would want to look at that, but no one called or contacted us in any way to investigate, and getting banking turned back on was a muti day multi-hour nightmare.
It was bad enough that I wrote a letter to the bank president.
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