Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.
Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.
That’s for a mortgage not an inter-bank account to account transfer.
There is a metric shit ton that goes into a mortgage from checking financial history to an actual inspection of the house. That process takes time just from the sheer amount of parties involved.