Money101
ACH vs. Wire Transfer: Differences, Costs, and Speed
A mechanical comparison of ACH and Wire transfers, examining settlement speed, costs, and the critical differences in transaction reversibility.
U.S. Prime Rate
An explanation of the U.S. Prime Rate, its relationship to the Federal Funds Rate, and why it serves as the benchmark for consumer lending.
Centralized Exchange: Custodial Trading and Order Books
An explanation of centralized exchanges, detailing the role of intermediaries, custodial holding, and matching engines in asset trading.
How ACH Settlement Works
An explanation of the Automated Clearing House (ACH) network, including batch processing, settlement windows, and the roles of ODFIs and RDFIs.
Why International Money Transfers Are Slow
An examination of the mechanics behind cross-border payment delays, from correspondent banking networks to SWIFT messaging and compliance checks.
Non-Custodial Wallet
An explanation of non-custodial wallets, where users maintain exclusive control of their cryptographic keys and assume full responsibility for security.
OCC: Office of the Comptroller of the Currency Explained
An explanation of the Office of the Comptroller of the Currency (OCC), its role in chartering national banks, and its impact on the U.S. banking system.