Can someone please explain....re:Banking.

How you can transfer money electronically from one account to another but it takes banks 5 working days to do the same? Money left 3 days ago still not arrived at my other bank..where does it go via india?

 

It doesn't. The banks are being investigated for the clearing delay which was introduced when horses used to carry cheques to the London clearing houses. The banks are earning millions in interest due to this, and as I say, are subject to a DTI investigation.

 

standard banking practice

they use the money for interest or for investing. can withdraw immediately but takes time to deposit. nice earner for the banks. ***** for us.

think is, banks all over the world do it so the DTI investigation roundy speaks isn't worth a thing. who regulates worldwide banks? the world bank and g8. they also profit from this so will naff do all. afterall, governements owe banks billions, why would they want to piss them off. banks can bring down governements and economies

 

In France , Cheques clear the next day.

 

Now that IS amazing !

Never known the French do anything within 24 hours - unless it's surrendering or claiming OUR cash subsidy