Can't speak for all banks, but I bank with a credit union and they offer something similar. I can send money to any other credit union checking or savings account instantly, for free. They charge me to send money to federal banks though or internationally.
OneMoreTallDude t1_iyeniwi wrote
Reply to comment by Malkiot in ELI5 why fraudsters like Anna Sorokin managed to deposit bad checks and immediately withdraw cash elsewhere without banks stopping it? by 6horrigoth
Can't speak for all banks, but I bank with a credit union and they offer something similar. I can send money to any other credit union checking or savings account instantly, for free. They charge me to send money to federal banks though or internationally.