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Topics - Voj

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Investors - LC / Terribly Slow ACH Transfers
« on: June 17, 2014, 05:52:03 PM »
The fact that investor money transfers take 4 days and borrow payments take 4-6+ days to post is really a huge downfall for Lending Club.

Lending Club should really ditch the third party service provider and figure out a way to speed up money transfers.

The standard ACH service is next day and any sort of transfer done before a cutoff time should be reflected the next morning.

Any thoughts?

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