Not real time, but ACH is being forcibly sped up by regulators. [0]

> All U.S. financial institutions (Receiving Depository Financial Institutions or RDFIs) must participate and accept Same Day ACH credit transactions.

> However, sending (originating) Same Day ACH payments is optional for banks and credit unions.

[0]: https://www.nebankmn.com/assets/files/aijt34yD

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Scaled 4 hours ago | parent [-]

That's great, but $1 per transaction makes same day ACH tough for small transactions

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bernardom 3 hours ago | parent | next [-]

$1 is not market.

I've signed up for or seen the contracts for several payment processors across several companies. Rack rate for ACH debit starts at $0.25/trx and goes down to sub-penny at scale. Returns can be high though ($2 per, going down as well).

Edited to add: that's not a defense, I *loathe* ACH. It's a negative-reporting system which is such a pain to deal with.

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e63f67dd-065b 4 hours ago | parent | prev [-]

My understanding is that sameday ACH does not cost extra (from a network perspective) than regular ACH, it's just that some shitty banks apparently like to charge extra for it.

	▲	mwwaters 2 hours ago \| parent [-]
		Outside the AI summaries, I couldn’t easily find the sources. But a couple of different sources say same-day ACH is 5.2 cents per outgoing item while overnight is 0.35 cents. What I can say is the Fed has draconian rules for pricing its services. The services cannot be subsidized but must be priced to recover costs, including a return on capital similar to what a private payment system (ie from the Clearinghouse) would expect.