Bernie said

[marym625]

9. ACH should only take 1 day

Most institutions allow for transfers to accounts at the same institution to be instantaneous. Without fee

However, it's the "bill pay" or bank check that they suck the money for days. They cut a paper check and mail it, paying whomever you want. Some places, like Chase, take the money as soon as you put it through. Other places, like US Bank, cut the check, mail it, and it doesn't clear until the person or company actually deposit the check. Unfortunately, the former is usually the case and should be illegal.

Sort of an aside, I wrote to Senator Durbin back when the renewal of the Patriot Act came up. I emailed him asking how he could vote in favor of it. In reply, I received an email saying I would receive a written response. Then I received a letter in the mail. In it he stated he was responding via regular mail because he didn't trust email!