this is very much dependent on which country you live in. I moved from South Africa to the UK and was very surprised by how long online transfers take to clear.

this is very much dependent on which country you live in. I moved from South Africa to the UK and was very surprised by how long online transfers take to clear. Back home they can clear instantly most of the time, even across different banks. The max time for any online transfer I ever experienced was 24 hours. Here in the UK it seems the minimum is 48 hours, really not sure why.