"Funds usually arrive in 3-5 business days, varying by bank"... why?
Whenever I disburse money from Amazon to my bank account, I get the following message in email: Quote:
Dear XXXXX@domain.com,
We initiated a transfer to your checking account (ending in ###) in the amount of $XXX.XX on 03/05/2013.
Funds usually arrive within 3 - 5 business days, varying by bank.
| Why does it take 3-5 business days for funds to arrive in the bank? I feel like it should be a lot faster in today's age of instant information. I read on a forum it has something to do with ACH (automated clearing house) but I'm not sure and I was wondering if any of the experts here know anything about that. Thanks.
Last edited by sacka_man; 03-04-2013 at 09:16 PM.
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