Joel-Oskar

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Since funds coming from an employer are fairly reliable, versus an ACH from an individual, these neo-banks are comfortable in offering these funds to these employees on the day they receive the NACHA file, so in this case, on Wednesday versus Friday. This becomes an added benefit to banking with these neo-banks versus a traditional bank like Wells Fargo because these neo-banks make these funds available sooner.
The Anatomy of the Swipe: Making Money Move
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