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| Name | FedNow Explained | New Instant Payment System In USA |
| Video Uploader | Video From The Wealth Shift Journal |
| Upload Date | This Video Uploaded At 15-08-2023 15:00:03 |
| Video Discription | FedNow is a new payment system backed by the Federal Reserve. FedNow will allow banks and credit unions to provide instant payments. allowing you to send or receive money any time and any day. Gone are the days of waiting days for a transaction to clear or get money from your bank. FedNow allows moving money to happen instantly. There are some risks involved though. FedNow could cause an increase in fraud and an increase in the chance of a bank run with withdrawals being done in an instant. There are lots of benefits to you though, so check out this episode where we dive into FedNow. 00:00 - What is FedNow? 2:16 - FedNow Risks 3:58 - FedNow & the Big Banks 7:06 - Will This Lead to Fed Overreach? Want more financial planning tips and strategies? Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix?sub_confirmation=1 Get started today → https://bulloakcapital.com/ |
| Category | People & Blogs |
| Tags | the wealth fix | personal finance | investing | stocks | stock market | money tips | saving | CFP | financial planner | financial advisor | certified financial planner | FedNow | FedNow Explained | Fed | The Fed | Digital Currency | Banking | Banks | your finances | Cash | Money Transfers | Digital Finance |
