> in 2024? Why can't the banks validate the check and transfer the money while you wait a few seconds at the teller window?
In late 2023 FedNow was introduced, which should facilitate exactly that. But it's optional for banking institutions, and the US is riddled with small institutions that cannot or will not volunteer their capital to invest in the tech required.
In late 2023 FedNow was introduced, which should facilitate exactly that. But it's optional for banking institutions, and the US is riddled with small institutions that cannot or will not volunteer their capital to invest in the tech required.