How Fast are EFT payments?

Discussion in 'Payments' started by jezza chan, Oct 10, 2007.

  1. #1
    Just wondering how long it takes for google to send money to my bank account via EFT. Are EFT payments on the same payment cycle dates as Cheques or are they different? Is there a set date for EFT payments?

    Thanks.
     
    jezza chan, Oct 10, 2007 IP
  2. hans

    hans Well-Known Member

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    #2
    all payment methods same date
    how fast for EFT depends entirely on your bank's potential
    high end banks ( swiss banks ) it may take same day
    slower banks 1-3 days max
    of course the speed also depends on whether you provide MODERN bank data such as
    IBAN + BIC ( as far as I know only European banks have such fine system )
    or at the very least SWIFT code
    or just a bank account address ( slowest )
     
    hans, Oct 10, 2007 IP
  3. toufique ahmed

    toufique ahmed Peon

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    #3
    google says it will be 1-5 days maximum!
     
    toufique ahmed, Oct 11, 2007 IP
  4. jezza chan

    jezza chan Active Member

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    #4
    Thanks for the help guys.
     
    jezza chan, Oct 11, 2007 IP