Zelle vs FedNow

Technology

Instant Payments: How FedNow and Real-Time Transfers Are Changing Your Money

Instant payments are bank transfers that arrive in seconds, at any hour of any day, and cannot be pulled back once they are sent. In the United States they now run on networks like FedNow and RTP, and they are quietly changing how paychecks, rent, and everyday bills work. This guide explains how instant payments work, what they mean for…