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If you aren't accustom to receiving wires and most normal people aren't you might not realize they generally only take 1 business day to clear. Scammers often
by pmorici 9y ago
If you aren't accustom to receiving wires and most normal people aren't you might not realize they generally only take 1 business day to clear. Scammers often find benefit in areas that aren't commonly well understood.
- nolok 9y agoA fair amount of the "clearing" time is usually not spent in clearing but in processing. Eg I don't know how common this is elsewhere, but here most of the banks I've delt with charge you more for a 12h/24H/immediate wire, and their regular service is in the 48h/72h (we're talking guaranteed time here, it's not uncommon for the regular option to be done under 36h).
- cstejerean 9y agoWhere is "here"? In the US wire transfers happen the same day as long as you schedule them before the cutoff, otherwise it's next business day. ACH takes longer, but that's not a wire transfer.
- FireBeyond 9y agoWhich is insane. When I lived in Australia, 10+ years ago, inter bank transfers were settled within 4 hours (often hourly). Intra bank, immediately.
- firebird84 9y agoI recently did a domestic wire that only took a few hours to clear. That's the whole point of it all, otherwise I'd be using ACH... Edit On second thought, it might depend on whether the banks on either side of the transaction are fed members. If they're not, I can see how it would take longer.
- solotronics 9y agoI am probably biased in favor but really this is an awesome application for cryptocurrency.