Re:Visa confirms Coinbase wasn’t at fault for overcharging u...
by jsjohnst on Sunday February 18, 2018 @10:45AM
(#16406542)
> USAA and Fidelity are two I've used that don't delay ACH transfers, those have always cleared ACH transfers next day.
This is because they are crediting you the money before they actually have it confirmed. See my reply below to GP, they are doing this because they are more risk tolerant and/or you are a less risky customer.
The WSJ linked is paywalled but the quotes are
“…these large transfers move in steps. Banks have slowed down the process further to reduce the chance of fraud… [the bank] sends transactions in batches during the day to an automated clearinghouse, which sorts them and moves them to the receiving bank in a matter of two to four hours… In many cases, the receiving bank gets the transfer the same day."
So delays are inserted on purpose. Certain banks don't introduce these delays, or have minimum delays, you'll know it when you're using one. USAA and Fidelity are two I've used that don't delay ACH transfers, those have always cleared ACH transfers next day. I even get my paycheck a day early when deposited into one of those accounts.
The other option is your bank keeps a tab of "transfers that are trusted."