Why can’t ACH transfers be processed instantly?

Asked Sep 1, 2016· 1 answer ·Americas, Developed Markets, North America, United States

Faisal KhanAnswered Sep 1, 2016

The US does not have a centralized switch to which all its 9,000+ financial institutions connect to and settle electronically.

There is a great podcast on this, one that you would enjoy listening to a lot: Episode 489: The Invisible Plumbing Of Our Economy

ACH Payment Infrastructure Payment Clearing Account-to-Account Payments Americas Developed Markets North America United States

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