The other day I transferred $7,000 from my bank to my retirement fund (different entities). Both are long term accounts and both “know” each other as there have been numerous transactions both ways. A few questions:
Why with our technology does this transfer take up to five working days?
Does interest accrue during this transfer and to who?
If this delay is for some sort of security reason, what is the security risk of transferring from one of my accounts to another? It seems to me as risky as moving money from one pocket to another.
Why with our technology does this transfer take up to five working days?
Does interest accrue during this transfer and to who?
If this delay is for some sort of security reason, what is the security risk of transferring from one of my accounts to another? It seems to me as risky as moving money from one pocket to another.
via International Skeptics Forum https://ift.tt/VB1xLTK
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