alanbell

iTrader: (6)

how long would a bank transfer take to show in my account ??

RA Dunk

It's only minutes in this country nowadays, can't you just phone your bank and ask them? they will give you an answer on the spot if your sweating over something.

Matt R

iTrader: (10)

Depends who and where it is coming from, i sold quite a few bits off my type R abroad, it does vary quite a bit, i got a letter from my bank each time confirming the payment details from abroad.

alanbell

iTrader: (6)

coming from Cyprus.

Matt R

iTrader: (10)

I think some of mine took up to a week, think it also depends what fee they pay in their country!

alanbell

iTrader: (6)

Thanks, (mind at rest a bit now)

Matt R

iTrader: (10)

As i said, i have sold thousands of £ abroad, they are usually more straight forward than most of the buyers this country.

alanbell

iTrader: (6)

Lol Matt, I know the buyer he is 100%, I just thought it would be the same as a bank transfer here , speed of the internet and all, it was paid in am yesterday.

RAF1

iTrader: (5)

Normally about 3-4 days however with it being weekend may be a little while longer..

Raf

David_Dickson

Mankind went to the moon and back over 4 decades ago and yet in todays world if instant communications across the globe it somehow still takes several working days to transfer money from one account to another - a task that realistically should be instantaneous.

ditchmyster

iTrader: (7)

It can "show" in a few hours but it won't "clear" for 3/4 days.

kevfawcett

iTrader: (7)

It takes 3 days to transfer money between MY Barclays Euro and Barclays GBP accounts so I would say a minimum of 3 days

stevebt

iTrader: (8)

I heard there was a scam for people paying the money into your account from Cyprus them the money being reclaimed back three weeks later due to being stolen from another account,

alanbell

iTrader: (6)

Hi Steve, no probs at all with the buyer I know him and trust him (he bought my sti 6 years ago, ) I was just asking how long will it be to get funds from him to me .

Suresh

SWIFT payments are instantaneous in theory but first require an fx conversion on the spot market if more than one currency is involved. Fx spot settlement is 2 days after trade date.

stevebt

iTrader: (8)

I just made it up anyway