It's been almost 24 hours since making the instant bank transfer payment and it's still "Pending". I have more than enough funds in my bank account to cover the purchase. Anyone from Australia or anywhere else know how long it usually takes? Thanks!
In the US, it is 3 to 5 working days. I would suspect it be about the same for Australia. It is only instant for the one receiving the money since Paypal would 'loan' the amount first and get from the sender once the transfer is concluded.
It took me around 5 days from Paypal to transfer to my UK bank account. I think the same applies for you
It varies depending whether a weekend or not. Usually 3-4 business days (which can stretch out to a nearly week if you do it wed/thur/fri and the weekend comes into play)