The International Banking Transfers should be immediate, but they are not!
Manage episode 475841333 series 3657652
How can it be in today's world that a bank transfer can take more than a few seconds?
What does it take to receive a money transfer right away?
I've almost given up with the whole system!
I worked for banks for many years. I know how it works from the inside. I know about floats and they work. I know about SWIFT and how that works. I thing at that time transfers worked better.
What I don't know is how can it (in todays day in age) take sooooo long to receive money from a foreign bank. It just doesn't make any sense!
What if someone is depending on money to survive, for example,, if they had to pay for an operation. That person might die, because they didn't receive the money.
I hope this whole system improves dramatically!
Thanks for listening1
Scott
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28 episodes