why does it take so long for money to be transfered from one country to another?

Question

i think banks are all crooks

Answer 1

Money is transferred in a matter of seconds, as long as everything is honest and aboveboard.

Answer 2

Depends on the transfer service (Bank, Western Union, etc.) and the countries or origin and to where it's sent. There are some delay issues, especially in countries where crime or fraud is rampant.

Answer 3

Depending on each individual country and your own countries governing regulations of handling monies. Personal money wires may take a bit but business monies would take longer due to laws protecting investors-taxes-and accountability. With more and more identy theft and in office theft, it also protects the company.

Answer 4

1.different time zones, 2. bank employees have other duties also, 3. bank gains interest from money transfers

Answer 5

western union takes only a couple of seconds.
an interbank wiretransfer takes a few days because it goes through a clearing process and be verified upon receipt.

use western union otherwise have someone deposit some dough in your bank account in the US so you can pick it up through an ATM.

Answer 6

It depends on how you send the money. It can take from 24 hours to a month.

Answer 7

You waiting for a money transfer from Nigeria by any chance?

Answer 8

no in my country is very fast once u go to the bank they will TT it for u

Answer 9

It only takes a few seconds.

Answer 10

it is because different countries have different mailing services and they all needed a different amounts of times!