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by DrJokepu 4443 days ago
The kind of near-instant, cheap money transfer provided by the Faster Payments Service system in the UK is actually fairly uncommon elsewhere in the world. If PayPal still used BACS it would take 3 working days even in the UK for PayPal payments to clear on your bank account.
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Just to clarify for anyone who isn't familiar: With Faster Payments you can make a transfer between any two accounts of different banks and it will arrive within 4 hours. It's usually free too and works 24/7.