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TCH: Zelle’s RTP Settlements Eliminate ‘Mental Calculus’

Consumers know the drill. Get a phone bill, send a check, time when the check reaches the provider, estimate when it gets deposited, and estimate when the funds clear. (Mental note: Will you have enough in the account?)

Or make a debit payment with the three- to five-day window of when the funds will be taken out always in the back of your mind. (Mental note: Will you have enough in the account?)

It’s the mental calculus that comes with daily financial life — and real-time payments can take away some of those financial gymnastics. To that end, Early Warning Services (EWS) and The Clearing House (TCH) reported Thursday (Feb. 25) that Zelle transactions are now able to be cleared and settled over the RTP network.


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