4 ms·
Is it still that slow? Since a few months 95% of my transactions between Germany, the Netherlands and the UK (EUR account) happen the same day. It's not like ba
by germanier 9y ago
Is it still that slow? Since a few months 95% of my transactions between Germany, the Netherlands and the UK (EUR account) happen the same day. It's not like banks actually can earn interest right now anyway. If anything it costs them to hold money currently.
- visarga 9y agoIt probably happens same day only if you send the transfer early in the morning.
- germanier 9y agoYes, I forgot to mention that the cutoff now seems to be at around 2pm for most banks (it was much earlier even recently). Transfers after that usually show up on the next day but the value date is often the sending date. I don't do transactions after 6pm or so, therefore no experience that late. All of this only applies to banking days, no transactions get processed on the weekend.
- Semaphor 9y agoYeah, lately my international transfers (Germany -> UK -> South Africa) have been taking less than a day all in all if I send the money before noon.