FedNow Explained

The U.S. is beginning to catch up when it comes to money transfer. Clark explains the deal with FedNow.

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Our Promise to You:

[Robert-uqew]

Please address the real issue of digital currency and a cashless society. The freedom loss of cash is beyond scary.

[wackywardwoman]

This gives the government so much control over YOUR OWN MONEY!!! They will know every move we make with our finances!!! A cashless world is scary af!!!

[TomTerrific]

Is FedNow making any guarantees in case your account is hacked?

[sidewinder]

Paying using a phone ? What happens if somebody steals your phone? All your financial information is on the app. No thanks!

[ChristopherHuntDE]

Will this affect a bank's ability to charge a fee for a transfer?

[imustbedum]

Let's not forget the criminal Fed, can take ur money instantly!!

[phf]

Schwab has always posted your money as soon as they have it. Even so, some banks take their time.

[TomTerrific]

It seems like you also need 2FA installed - fingerprint etc so that your money is not easily accessible to crooks even if they have access to your phone.

[lindachick]

Does no one think of older folks anymore? I am not a candidate for crypto, Apple Pay, and these other platforms that put us at risk. Now cash is in question??? Yikes. Not looking forward to 80.

[azwife]

Im sure my 2 previous posts will be deleted 😢😢

[Crazyferretlady-insd]

And yet they don’t want people to float their money

[thebadgerette]

Do you foresee cash totally going away, as some businesses have stopped taking cash???

[retired]

It will be many years before it's available.