At least where I live, if I make a transfer between my accounts (with different banks) too late on a Friday, the money won’t be available until Monday. But there are no humans involved in this process – it seems to me that could be instantaneous as far as the technology is concerned. What am I missing?
In: 1897
It sounds like your account requires a human verification to allow access to the deposited funds. The money is there in the computer but it has an electronic block against using it until verified as valid. There actually is a human involved.
It is a variant on the problem of depositing a paper check and having to wait a few days for it to clear.
My accounts allow a certain amount of money to be deposited and immediately accessible. The amount that they accept for that exemption is decided from your bank history and how long you have been at the bank, and your usual deposit amounts. Basically, they now trust me, up to a point. You apparently haven’t gotten there yet.
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