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A one-stop forum for all your banking questions
23-03-2020 09:44 AM
The worst is that these guys are not telling us the truth!
The funds are taken immediately from our accounts and placed in a transito account. There they do with out money what they want until they finally decide to transfer it. Some banks invested the millions from the interest on this account into large farms.
If they used the old ACB method of transfer it should not take longer than after the first 8pm that passed, as the banks did the clearing every night at 8pm at the ACB. No they want to earn on our money while we don't have and the payee doesn't have it.
So much for a 24/7 service!
21-12-2018 06:43 AM
20-12-2018 10:07 AM
I truely feel your pain, the unfortunate reality is that all banks have this in some way or another. New accounts tend to have a delay on processing certain "new" payments to new beneficiaries and i have experienced this at 3 banks so far. Delays can also be due to the time a payment was processed from your account......and all EFT payments at all banks have t&c's that say payments can take up to 48 hours to reflect at a beneficiary.
18-12-2018 04:15 PM