Prior to that, you could get instant transfers but it came with a small fee because they were routed through credit card networks. The credit card networks took a fee but credit card transactions also have different guarantees and reversibility (e.g. costing the bank more in cases of fraud)
https://real-timepayments.com/Banks-Real-Time-Payments.html
Prior to that, you could get instant transfers but it came with a small fee because they were routed through credit card networks. The credit card networks took a fee but credit card transactions also have different guarantees and reversibility (e.g. costing the bank more in cases of fraud)