PTSB $ to the US (Citibank)

[DublinTexas]

For once I am impressed with PTSB Swift transfer.

Instead of the usual bank draft I decided to drop into a branch and invest 31.50€ to do a swift transfer to my Citibank account in the US.

At 1024 I leave the branch with the impression it might take 3-7 working days. At 1445 I log into my Citibank account and find the credit (available to use not provisional).

Looking at the credit details I see, that this is a Global Transfer Service credit meaning that PTSB handed it over to Citi in Ireland and than Citi credits any Citiaccount in real time.

I am for once impressed.

 

[Alex]

i have transferred money from ub to natwest. how long should that take when the two banks are owned by the same group? does that speed up the process?

Alex.

 

[alpha]

i don't think so. it would if you put a date in the value date box. if you don't do this it will take 2 days. 3 days if not done before the cut-off time. i hope this is of help.