How Long Do Bank Transfers Take?
Trying to send funds electronically through a bank transaction can seem confusing to many consumers. Bank transfers typically take between one and three days, depending on the type of transaction.TypesThere are several types of wire transfer that are available to bank customers: internal bank transfers, Automated Clearing House transactions and wire transfers. Choosing the method of transfer largely depends on the customer’s need and the final destination of the funds.WiresWire transfers are most commonly used is in transferring money internationally and for transfers that need to arrive very quickly. Funds sent by wire transfer are usually available the same day or the next business day.ACHAutomated Clearing House (ACH) transactions are also known as Electronic Funds Transfers. ACH transactions are used for transferring funds within the United States and Canada. Because funds are processed through a clearinghouse overnight to verify and validate transactions, the transfer times are tw
