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by tinokid 3042 days ago
No...the claim that ACH takes "3-5 business days", "several days", or whatever, is just flat out wrong. I can do ACH (not wire transfer, not "credit") between my totally unrelated bank accounts--whether those be at big banks or tiny little credit unions--with a total delay to myself, the end user, of about 14 hours and change. And that isn't new, it has been the case for well over a decade.

And using ACH delays as an excuse for why people can't get money out of Bitcoin quickly-- the original context of this thread-- is completely disingenuous.
1 comments
jsjohnst 3042 days ago
Your personal experience doesn’t mean it’s a fact. As I’ve stated multiple times and you keep ignoring, ideal case, it can take under 12hrs (almost all of my ACH transactions are that window too). That does not mean there aren’t significant amount of exceptions!
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tinokid 3042 days ago
>As I’ve stated multiple times and you keep ignoring, ideal case, it can take under 12hrs

I must have missed where you said that. You said I was likely mistaking ACH for wire transfer because mine were happening that fast.

The point stands that "inherent delays" in the ACH system are negligible, on the order of hours.

I reacted strongly to the person claiming otherwise because it was presented as an excuse for people not having access to their money quickly. If people are being told they can't get their money because of "ACH delays", "check is in the mail", "clogged tubes", or whatever, they should not be afraid to call BS!

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jsjohnst 3042 days ago
> The point stands that "inherent delays" in the ACH system are negligible, on the order of hours.

Which has been repeatedly called out as wrong with proof in this thread, but you won’t listen. Have an enjoyable life!

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