Why does wire transfers take SO LONG?

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    Last post ago almost 5 years by Feelin froggy
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    jfrye1

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        jfrye1

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        Hi, I was always curious why wire transfers took so long 3-5 business days...Could someone please explain that to me ?  Is that just a casino thing, in other words if I wanted to wire transfer someone could I do it in the same day?
        Thanks!
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        regicana

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        They don't take that long. That's one of the ruses they use to make you have to wait longer than you should. It's a put-off! Of course you can send me money the same day. As a matter of fact, let's do an experiment. Try to send me $100.00 and I'll let you know how soon it gets here! :-)
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        Feelin froggy

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        Wire transfers can be sent the same day up to a certain point. In the USA, there is a Federal Reserve cutoff time. The money is then sent the following day. 3-5 days is a delay on the part of the casino.

        regicana wrote:

        As a matter of fact, let's do an experiment. Try to send me $100.00 and I'll let you know how soon it gets here! :-)


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