Hi All,
I am moving a large sum of money from my building Society in the UK to Ireland to clear all my debt.
I lodged it a couple of days ago and it has still not shown on my account - I phoned them and they said it can take up to 21 days to clear!!
Is this right? I read an article recvently saying that the banks are holding on to the money for as long as possible so they can accumulate as much interest as possible for themselves! Thye have even given me the euro value so what is the hold up?
Please note that the cheque is issued by the actual building society and not myself - they are basically showing that they have guarranteed the money.
I am moving a large sum of money from my building Society in the UK to Ireland to clear all my debt.
I lodged it a couple of days ago and it has still not shown on my account - I phoned them and they said it can take up to 21 days to clear!!
Is this right? I read an article recvently saying that the banks are holding on to the money for as long as possible so they can accumulate as much interest as possible for themselves! Thye have even given me the euro value so what is the hold up?
Please note that the cheque is issued by the actual building society and not myself - they are basically showing that they have guarranteed the money.