Hacker News new | ask | show | jobs
by goralph 1068 days ago
Is this not possible currently in the US? That’s quite surprising!
1 comments
TulliusCicero 1068 days ago
No, US bank to bank transfers/payments are quite slow, and not commonly used for small transactions. But there are a couple substitutes that are used:

* Zelle is basically better bank transfers and is already supported by many (most?) US banks: https://en.wikipedia.org/wiki/Zelle_(payment_service)

* Random 'third party' money transfer services like Venmo, Cashapp, Paypal, etc.

But similar to messaging in the US, the main issue is fragmentation. There's isn't quite a national consensus like some other countries have.

link
astrange 1068 days ago
Debit cards can be used for instant payments and are used to eg pay Uber drivers. Or wire transfers.

And Zelle is a bank to bank transfer network, not a third party service.

link
TulliusCicero 1068 days ago
> And Zelle is a bank to bank transfer network, not a third party service.

That's...what I said? Well, I guess I should've contrasted it better with the old, 'traditional' bank transfer payments.

link