How long does it take to get refund back to debit card?
I purchased something on an US website using a CIBC debit card. But I was told that the item was out of stock and I would get refund. It has been three weeks and I haven't received any refund according to my bank account statement. I have read the website's refund terms and the terms indicate that refund will be shown up within two billing cycles.
What does this mean? Does the refund to my debit card relate to the billing cycle? Is there a possibility that it may take a longer time to give back money to a debit card that is not issued in US?