Why do money transfers between bank accounts take many days?
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Here in Canada, using the electronic transfer system is almost instantaneous. I can transfer funds to my bother in Ottawa, from my home in Toronto in under one minute. My account to his account, with no fees using my Canadian Imperial Bank of Commerce ordinary account. My monthly Canada Pension and Old Age Pension payments are electronically deposited into my account on the 28th of each month.
JimB.
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