im still waiting for mine and its 1.30am boo hoo wanna go bed but wanna pay my bills first
2007-08-28 13:28:37 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
The bank I work at tells their customers that it will clear by the next day, but this could mean any time between 12a-9am the next day. I noticed my money usually clears very early in the morning.
2007-08-28 15:02:17 · answer #1 · answered by Anonymous · 1⤊ 0⤋
it actually has until 5.30pm to clear on the day it is due into your account, so its gonna be a long long night.
I know computers are fast, but they still can only process a finite amount of transactions a second. someone has to be 1st and someone last on the list.
2007-08-28 21:22:23 · answer #2 · answered by alatoruk 5 · 0⤊ 0⤋
The money officially posts "overnight". Even the fastest computer can't instantaneously update EVERYONE'S records. It takes a while to process everything.
2007-08-28 15:37:46 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Banks usually clear during business hours. That way, they get to use your money for a longer time.
2007-08-28 13:36:50 · answer #4 · answered by Suzy 5 · 1⤊ 1⤋