Vaughan Wylie was talking about the reason behind banks having a delay in the transfer of money from your account to somebody elses bank account.

Sometimes this can take up to 48 hours but usually 24 hours.

Why isn’t it instant?

Why for instance can Western Union transfer money to be available in another country immediately whilest when you transfer through a normal bank it will generally take around 3 - 5 days for an international transfer?

Because the banks make interest off your money. Read more about Internet Banking Transfer Payment Delay at Vaughan Wylie’s new web blog.