Do Bank Transfer Times Differ?
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ansell
Apprentice
Joined: 24 Sep 2006
Posts: 4
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 Posted: 05/04/08 - 10:24 Post subject: |
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| Most of my life I have been on the paying side of money transfers. After I have started my business for the first time, I am on receiving side. I have noticed that money travels at different speed and that it usually takes a lot to receive payment. I am wondering if this is general case or just with my bank. Do the transfer times differ? |
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reece
Apprentice
Joined: 13 Aug 2007
Posts: 13
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| Posted: 06/03/08 - 03:57 Post subject: |
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| Banks in general have a tendency to prolong transactions as long as possible except when they are the receivers. I believe that is case for most of them but if it takes unexpected too much time, than you might consider changing your bank. You should do it because the speed of the transactions time is one of the important parameters for judgment for banks overall efficiency. You might even check with the bank to see how long average transfer time is. |
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