how long does it take for the money to be available by transfer money from one account to another? if you have direct deposit, when will the money be available? my employer deposits the money on Fridays.
i have an online savings account with them and it takes 3 business days to complete the transaction with non-hsbc accounts. The money is taking out of my non-hsbc account the first day and not available until the 4th day. that means i lost 3 days of interest per transaction, 26 times a year, that's 78 days, more than 2 months of interest got lost thru the process!!!
just wondering if it's worth the time to open an account with them to speed up the process.
2006-07-19 05:42:14 · 3 answers · asked by jean 4 in Business & Finance ➔ Personal Finance
I use dcu.org and the direct deposit money from my work is available the same day.
You are pretty, you want to go out for some ice cream?
2006-07-20 05:13:08 · answer #1 · answered by handydaddy 3 · 0⤊ 0⤋
I am an HSBC customer and have been happy with their service. Other banks have the same 3-business day cycle to complete transactions form outside banks. The interest is a non-issue. Let's just say that the current interest rate is 3% annually. That amounts to 0.0082% daily or 0.64% for 78 days.
2006-07-20 09:35:26 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋
that will be a good idea
2006-07-19 12:47:57 · answer #3 · answered by JJ 7 · 0⤊ 0⤋