Money transfers

[DC_FC]

Why does it take so long for a small amount of money to travel from one account with 1 bank to an account with another bank

[Ethel]

I don't know but it drives me mad. Straight out of my bank, disappears for up to a week in cyberspace....where is it?

[auzzie]

Your bank keeps it for a couple of days to make money on it by lending it to other people or on the stock exchange etc, then it's passed on to clearing for a day and then onto the other persons bank who do exactly the same as the senders bank before depositing it in to the correct account.!!