Quote:
Originally posted by Iceberg
Quote:
Originally posted by reachash
electronic/direct deposits are never put on hold....if any bank is doing that...obviously they will be out of business soon....
A so called free bank holds my EFT for 10 days!!!!!!!!!!!!!!!!!
Funds transferred from my bank account to this account are held for 10 days!!! What can be more inefficient?
Quote:
Originally posted by Iceberg
Quote:
Originally posted by reachash
Hold on chq issued by any bank in Canada is 5 biz days
Hold on chq issued by any bank in USA is 15 days
Anywhere else...25 days....
But there are other ways where authenticity of negotiable instrunment can be vrfd quickly and hold removed.....depending on which bank the chq/draft is drawn on...some banks do that....some don't....moral of the story....choose the right bank.....
Why 5 biz days? Banking system has got be advanced in this G8 country. Why not 2 -3 days like in any developing country?
Quote:
Originally posted by Iceberg
And to your second point - that exactly is my point. Where is the standardisation?
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