this post was submitted on 28 Sep 2026
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[โ€“] chiliedogg@lemmy.world 9 points 2 days 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.

[โ€“] Cort@lemmy.world 5 points 2 days ago

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