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Over half a week. I hate. (europe.pub)
submitted 5 days ago by to c/whitepeopletwitter@sh.itjust.works
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[–] 23 points 4 days ago (6 children)

They don't instantly take your money. It's instantly made unavailable to you, but it's still held by your bank for a bit before they receive it.

When they refund money to you, it's instantly unavailable to them, but is still held by their bank a bit before you receive it.

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  • [–] 13 points 4 days ago (4 children)

    So it’s banks stealing from both sides.

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  • [–] 9 points 4 days ago (1 child)

    Yes, but it's also a coordintion thing.

    Banks, businesses, and payment processors have to coordinate billions of payments a day and it's easier to do occasional reconciliation followed by an adjuted transfer for the net difference instead of a ton of individual transfers, most of which cancel each other out.

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