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  1. S

    Who keeps the interest when you transfer funds between accounts?

    haha try 20-30 that's how they work. called correspondent account but to for NAB to let CBA know that they need to put some money into your account they still need to run some jobs which would fire the transactions they don't send messages between banks in real time AFAIK. it's not that they...
  2. S

    Who keeps the interest when you transfer funds between accounts?

    reality is that banking transactions are usually done overnight as a batch job on some mainframe so while the application that handles your accounts online withdraws the money straight away, the actual transaction is sitting in a DB until the nightly processing job runs and sends it off to...
  3. S

    Who keeps the interest when you transfer funds between accounts?

    but you don't write out a cheque to put it into your other account in a same bank? or do you?
  4. S

    Who keeps the interest when you transfer funds between accounts?

    how does that work? mine takes a second to go between accounts
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