Electronic Bank Transfer Time. The most popular method of transferring money is through an ach. According to the united states electronic fund transfer act of 1978 it is a funds transfer initiated through an electronic.
For swift transfers youre looking at up to 3 days while for sepa transfers the time frame is around 1 day. Payments and transfers that you make after 630pm monday to friday at weekends and on bank holidays leave your account immediately but the date on your screen will show as the next banking day usually faster payments will be received by the payee almost immediately after leaving your account but can sometimes take up to 2 hours. If the transfer slips to early tuesday morning the money should be available first thing wednesday morning.
Most money transfers will go through within one working day from this week under a new eu directive.
For payments in eur and usd funds can arrive on the same day if sent before our cut off time. Otherwise we will transfer 3 days later. A normal wire transfer can stretch out to one day. Its 2017 and most financial transactions are now completed online.