[ianburrell]

BTW, the solution for problems like this is complain to CFPB. Banks are afraid of CFPB and complaint will help solve problems.

Zelle has their own instant transfer system, and banks settle up overnight. My understanding is that there isn't ACH transaction for each transfer. Banks have less visibility into Zelle.

I hope FedNow kills Zelle. That should be better integrated. I think Venmo and other payment apps will stick around cause offer useful app.