this post was submitted on 28 Sep 2026
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Over half a week. I hate. (lemmy.dbzer0.com)
submitted 1 week ago by Stamets@lemmy.dbzer0.com to c/whitepeopletwitter@sh.itjust.works
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[–] zerofk@lemmy.zip 14 points 1 week ago (3 children)

So it’s banks stealing from both sides.

[–] chiliedogg@lemmy.world 9 points 1 week ago (1 children)

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.

[–] Cort@lemmy.world 5 points 1 week ago

Sure but it's their choice to do reconciliation once daily instead of hourly

[–] nullspace@lemmy.world 4 points 1 week ago

It's how they always come out on top.