How long does it take for an interac e-transfer?
if it's not pretty well instantaneous - where is the money in the meantime?
When I send an e-transfer the money is taken out of my account as soon as I hit "send" or "confirm" but the other party doesn't have access to the funds from it seems anywhere from 30 minutes to up to a whole day.
So someone is using that money to make money in the interim.
But I also rceived an e-transfer from RBC and that showed up in my email within a minute or so of being sent.
So the system is capable of transferring the funds immediately, seems someone else is holding up some transfers.
Anyone have a clue what is going on?
If I ask my bank they claim it's the other bank and vice versa.