"Funds usually arrive in 3-5 business days, varying by bank"... why? - eBay Suspended & PayPal Limited Forums
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Old 03-04-2013
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Default "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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Old 03-05-2013
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3-5 days is a guideline - some people have it in a day actually. The message comes up so that you can patiently wait...in case.

Not a big issue.
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Old 03-05-2013
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Agreed.

It's part of the game played by the banks.

Banks get interest on your money. No need to rush to release funds from their system.

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Old 03-05-2013
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INGDirect transfer on Sat and Sun, both show in my account Mon morning
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