When transferring money between banks, when money has been withdrawn from one account but not yet deposited in the other, where is it?

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I did an ACH transfer from an account in one bank to another. The money was withdrawn from Bank A on Friday, but isn’t set to be deposited in Bank B’s account until Tuesday.

Where is my money currently?

In: Economics

7 Answers

Anonymous 0 Comments

banks dont have all that money in physical cash, only a very small amount of the numbers are actualy cash, you can just say “its just numbers” for very simple explanation.

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