3 ms·

Correct. There is a 2-3 day delay.

• k-mcgrady 12y ago
  Interesting. That used to be the case here but it changed 4-5 years ago. I think there was a law brought in in Europe to require it. It may be related to this[0]. [0] https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://en.wikipedia.org/wiki/Single_Euro_Payments_Area
  • BSousa 12y ago
    SEPA payments (for countries that are part of the Euro) should take no more than 24 hours (weekends/local holidays not withstanding). For other currencies, it can take up to 3 work days. (assuming all the transfer details are correct and requires no manual operation)
    • k-mcgrady 12y ago
      Interesting. I'm able to make instant transfers within the UK (also on weekends) and I believe throughout Europe. There is still the issue of other currencies but I believe the original discussion was about sending money to other people within the same country (the US) so our system surpasses the criteria as it works between around 30 different countries.
      • BSousa 12y ago
        In Portugal, between same bank takes a few seconds, between different banks, usually next day (sometimes same day, but not common from what I have seen). I just sent some money to Germany and took a day to arrive in their bank account. On the other hand, I received a bank transfer today from the USA which was issued on Tuesday (2 work days, which is not bad)