If it is a FedWire, same day or the next business at the very latest. This is assuming all instructions are correct, that there are no flags in the transfer itself.
Depends on the wire transfer (payment) system in question. However, in most cases, the answer is not necessarily. A recipient usually does not care from whichaccount the Sender sent the money. All they care about is that the money was received. Secondly, you have to ask, what purpose would it serve in providing the recipient with […]
In this day an age, pretty much the same thing. Just legacy nomenclature still being used. Almost all forms of transfers today are digital in nature when it comes to wires. Nearly all of them are electronic and based on some proprietary messaging network and protocol.