this post was submitted on 28 Sep 2026
887 points (98.0% liked)
People Twitter
10453 readers
972 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a pic of the tweet or similar. No direct links to the tweet.
- No international politcs
- Be excellent to each other.
- Provide an archived link to the tweet (or similar) being shown if it's a major celebrity, figure or any politician
- https://www.sotwe.com/
- https://twitterviewer.net/Note: Archive.is is no longer recommended because they remove/alter content.
- If a tweet (or similar) makes a statement of fact, either mark it as "satire" in the body or provide the original source link backing up the statement (see rule 6)
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They don't instantly take your money. It's instantly made unavailable to you, but it's still held by your bank for a bit before they receive it.
When they refund money to you, it's instantly unavailable to them, but is still held by their bank a bit before you receive it.
So it’s banks stealing from both sides.
Yes, but it's also a coordintion thing.
Banks, businesses, and payment processors have to coordinate billions of payments a day and it's easier to do occasional reconciliation followed by an adjuted transfer for the net difference instead of a ton of individual transfers, most of which cancel each other out.
Sure but it's their choice to do reconciliation once daily instead of hourly
It's how they always come out on top.
https://www.youtube.com/watch?v=cob6wDLW-PE&t=250s
Was coming in to say this say this as well. I worked at a bank as an IT guy, I managed SWIFT payments. This is indeed the exact thing that happens.