SoFi enables instant two-way transfers via FedNow
SoFi customers can move money between accounts at different banks in seconds. This replaces ACH transfers that take 24 hours or longer to clear. The speed is the result of SoFi Bank N.A. integrating FedNow, the Federal Reserve's instant-payments platform, through Galileo Financial Technologies LLC. The integration enables send and receive capabilities every day, including weekends and holidays. SoFi members now have 24/7 access to their money.
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