Where does my wages go in an electronic transfer

roker

Registered User
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Every two weeks my employer pays me with an electronic transfer on a Thursday, it immediately goes out of their account but does not appear in my account until Wednesady next week, even longer if it is a bank holiday week end. How can the clearing banks take so long? If the bank is doing this with every one's wages, they are making a massive amount of interest.
 
I think you just answered your own question, roker...

A couple of cents x hundreds of thousands of accounts x 3-day gaps x 12 (or 24, or 52) times a year = .....?
 
ask your boss to look at paypath
guaranteed by the tha banks to be in your account on a date specified by your boss
 
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