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Merchant Bankers September 19, 2007

Posted by Rambling Man in General Bloggery.
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The more unscrupulous amongst you will notice the pun in the title and know that I’m giving out about banks and bankers in general !

I have an issue with online banking – now don’t get me wrong. Online banking is great – and last year, on holidays down under, I was grateful to be able to log in to the ether and move a few shekels about the place … but it takes sooo long !

This is a topic that the bould Joe Duffy (Good Aaaafternuaaan teuwww yeuwwww) has debated on more than one occassion and failed to get to the bottom of.

My question is this – why in this digital age, does it take sometimes up to 3 days for money to be transferred from one of my accounts to another, when it leaves the first account the minute I press “transfer”.  Surely, in computer terms, it cannot take that long ?

It’s my money – look whats happening in Northern Rock Bank – so don’t give me that sh*t about taking time to clear and approvals and so on … where does the money go because it doesn’t go straight into my other account !

Merchant bankers indeed ! We have the power … we the people and all that …

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1. Merchant Accounts » Merchant Accounts September 19, 2007 8:30 am - September 19, 2007

[…] Merchant Bankers It?s my money – look whats happening in Northern Rock Bank – so don?t give me that sh*t about taking time to clear and approvals and so on ? where does the money go because it doesn?t go straight into my other account ! Merchant bankers … […]

2. donal - September 19, 2007

I’m sure there’s a valid reason but I’d love to know where the money goes for those few days. It takes 2 days to transfer between my two accounts generally. It probably needs to be verified and go through end of day processes but you’d expect next day delivery at most.


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