[marcoseliziario]

The same thing here in Brasil since 2002. The only difference that there is an artificial restriction that online transfer between banks outside of banking hours will only clear when the banks open again. Other than that most transfer between banks clear in seconds and can be made from your phone. This artificial restriction is probably going to be lifted this year. And of course, if seller and buyer have accounts in the same bank, there's no business hours requirement, it will clear in seconds not matter what the time of the day. Also, depending on the american bank, I usually am able to cash wire transfers coming from the US in the same day, if the american bank sent the wire during brazilian business hours. Everytime I deal with the American banking system I get appaled by its primitiveness. ACH is basically how banking technology worked on the early 90's in Brasil.