Merchant Bankers September 19, 2007
Posted by Rambling Man in General Bloggery.trackback
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 …
The Rambling Man 
[…] 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 … […]
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.