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A comment on What Happens When You ACH a Dead Person?. Parent comment

Re:What Happens When You ACH a Dead Person? by pbreit on Thursday August 29, 2019 @12:45AM (#20826765)
My sense is that's the vast minority.

I think most of the % fee-based "instant withdrawals" are done without understanding the effective APR. "It's only 1%!"

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Re:What Happens When You ACH a Dead Person? by moftz on Thursday August 29, 2019 @10:30AM (#20829795)
Venmo used to have a flat fee of $0.25 then they changed it to 1%. I'm guessing for most people, it would never be a problem since most people are usually only sending small amounts to eachother on Venmo (paying someone back for lunch or splitting utilities) but now Paypal gets a larger cut of people doing instant transfer of things like rent payments.
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