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by csomar 4586 days ago
My experience tell me otherwise with both of them. It can take from a few days to a couple weeks.
1 comments
booyaa00 4586 days ago
What country are you in? In the UK bank transfers happen within a couple of minutes.

You can login to your bank, transfer money to someone elses bank, they'll login, and see the money.

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dprice1 4586 days ago
My guess is the previous commenter is in US. There's an excellent episode of the podcast "planet money" which addresses exactly this question, and which also explains why the system in the UK is much faster.

http://www.npr.org/blogs/money/2013/10/04/229224964/episode-...

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csomar 4585 days ago
Nope. Third-world here. I don't think it'll take a couple weeks in the US.
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