I got some money paid to me over easter (from overseas).. it took 7 days to get to me from when the payment was processed on the other end.
Where does the money go between someone saying please pay this person and me actually seeing it in my bank account. These days why does it take so long to get to me. Its not like a actual human does anything.
It only takes 3 days at most to courier a parcel from the US!
Do the banks keep my money, transfer it to a holding account to get interest on it during the time it disappears in the ether?