It normally takes approximately three to five days for a bank transfer to clear. There is a system known as Faster Payment Service that was implemented in 2008 to improve money transfer speeds between different banks in the UK.
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A bank transfer take to clear within two hrs, because a new faster transfer system has come in well last yr. If they?re not, it will be 3-4 working days. This is if you do the transfer online or over the phone.
Wire transfer or credit transfer is a method of electronic funds transfer from one person or institution (entity) to another. A wire transfer can be made from one bank account to another bank account...