• FedNow Explained | New Instant Payment System In USA

  • Aug 15 2023
  • Length: 8 mins
  • Podcast

FedNow Explained | New Instant Payment System In USA

Listen for free

View show details

  • Summary

  • FedNow is a new payment system backed by the Federal Reserve. FedNow will allow banks and credit unions to provide instant payments. allowing you to send or receive money any time and any day. Gone are the days of waiting days for a transaction to clear or get money from your bank. FedNow allows moving money to happen instantly. There are some risks involved though. FedNow could cause an increase in fraud and an increase in the chance of a bank run with withdrawals being done in an instant. There are lots of benefits to you though, so check out this episode where we dive into FedNow.
    Show more Show less
Show more Show less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about FedNow Explained | New Instant Payment System In USA

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com reviews

Amazon reviews
No Reviews are Available