BoatBanter.com - View Single Post

D.Duck

"Vic Smith" wrote in message
news

On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:

It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.

Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. So I think, anyway.

--Vic

If it's taking 3~4 days it maybe an ACH (Automated Clearing House)
transfer. The old fashioned "wire transfer" can be done in a couple of
hours within baking hours.