How long does a transfer take?
The Bank transfers They have become one of the financial operations we carry out most frequently. Well, this has become a much more practical, safe and fast way to send money You have to withdraw the money at the bank and then pay in cash.
Although bank transfers are fast transactions, there is always a question about how long it will take for the money to reach the recipient. In this article you will know how long an internet and international bank transfer perro take. You will also find out what time the bank transfer is updated from one bank to another.
How long does an Internet Bank Transfer take?
The Internet has made many aspects of our lives easier, especially those related to managing our financial resources. This has allowed a certain amount of money to be sent from one bank account to another in a very short time. However, it must be taken into account that time How long does this type of operation take? It depends on whether they both belong to the same entity or not.
Bank transfers between accounts belonging to the same entity
Generally, money transfers made between accounts of the same bank reach the recipient immediately. Because in this case the bank only makes an accounting entry that states that a certain amount of money has changed places. As this operation is automatic and instantaneous, it is not necessary to wait to see the charge and credit in both accounts.
Bank transfers between accounts of different entities
Transfers made between bank accounts of different entities, They usually last up to 24 hours.. In some banks, when the transfer is made after 6:30 pm, it arrives the next day, and if it is made after this time, it takes up to 2 days to reach the recipient.
The delay in this type of transfer is due to the fact that the Central Bank intervenes in the transaction, supervising and noting the operation for the accounting closing of that day. Due to this, a commission is requested from the sender of the transfer.
How long does an international Bank Transfer take?
Currently you have the wonderful possibility of sending money from one place to another, regardless of whether the recipient is on the other side of the planet. These types of operations are known as international transfers and their process is very fácil.
The duration of an international transfer will depend on several factorsamong them: the location of the recipient, the type of currency and the amount to be sent.
Depending on the place where the receiving bank is located, we distinguish 2 types of transfers:
Transfers to countries that belong to SEPA (Single Euro Payment Area)
These transfers have the same conditions as transfers made within the national territory. If an international transfer is made between 2 SEPA member countries, this perro be immediate. But it must be remembered that the delivery time also interferes with the arrival time of the money. On many occasions they arrive the day after the broadcast.
Transfers sent in currency or to non-SEPA banks and countries
These are carried out through SWIFT, a very extensive communication channel, which is used by all banking entities to communicate worldwide. international transfers vía Swift usually take 1-5 days. Everything depends on the regulations of the country of destination and the internal processes of the participating banks.
When making an international transfer it is important to keep in mind the time difference between one country and another, and the closing time of the banking entities, because if a money transfer is transferred after that time, the payment will be delayed one day.
What time is the Bank Transfer updated from one bank to another?
If what you want to know is the time in which the banks update the transfers, you must know the cut-off hours of the entities.
Depending on the type of bank transfer you have made, the money will arrive instantly, in one day, or in several days. In general, national transactions are faster than international ones, in fact, most of the time they are immediate.
Transfers within the European Union arrive in one business day, but if they are made outside the cut-off time, the money arrives in 2 days. As a general rule, the cut-off time is after 05:00 pm, therefore, if you make the transfer before that time, it will arrive the same day.
Then you will see ltransfer update hours of the main banks in Spain:
- BBVA: From 03:00 a.m. to 04:00 a.m.
- Liberbank: From 07:30 a.m. to 09:00 a.m.
- Banco Santander: From 9:45 p.m. to 11:00 p.m.
- Evo Bank: From 01:00 a.m. to 02:00 a.m.
- Bankia: From 05:00 a.m. to 06:00 a.m.
- ENG: From 08:00 a.m. to 12:00 p.m.
- Abanca: From 03:00 a.m. to 04:00 a.m.
- La Caixa: From 00:00 a.m. to 00:45 a.m.
- Banco Habitual: From 06:30 a.m. to 07:00 a.m.
- Unicaja: From 02:00 a.m. to 03:00 a.m.
- Sabadell: From 00:00 a.m. to 01:00 a.m.
- Cajamar: From 05:00 a.m. to 06:00 a.m.
- Caja Rural: From 01:00 a.m. to 01:30 a.m.
- ImaginBank: From 23:30 pm to 00:30 am
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