Quote:
Originally Posted by nomadking
What transfers are you talking about that take days? I find they take seconds.
Apart from rules that specify how much liquid assets(ie cash) they have to hold at any point in time, there is little they can do with it. They can hardly issue a new 25 year mortgage to somebody using that money.
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Your first point : For example I transferred some money electronically from one joint bank account to another owned by me and mrs daveeb, it took about four days to take effect.
Your second point : Could you clarify how much cash a bank is allowed to hold ? I would have thought it is adding to their capital and so earning them money. It might only be a relatively small amount but multiplied out by the number of customers doing a similar transaction it becomes significant.