How long does transaction take

Back in the day, wire transfers happened through telegraph wires. These days, wire transfers involve the electronic movement of funds between different banks and credit unions. Since the term wire transfer is essentially a catch-all phrase, it may also refer to the wiring of money through a non-bank transfer service such as MoneyGram or Western Union instead of just bank-to-bank transfers.

Since wire transfers are electronic, a bank can complete the transaction if it has specific information regarding who the recipient is and how much money he or she can expect to receive. After the transfer takes place, the funds are available fairly quickly. If you need assistance, you and your recipient may need to contact representatives from your respective banks.

Generally, you can wire money to a bank online, over the phone or in person. Be prepared to provide your bank with specific instructions, including how much money you want the recipient to receive.

After all, you want to make sure your money is successfully transferred to the right person! Existing customers: For questions about your existing Metro Bank mortgage, call New mortgage applications: If you have a question about a new mortgage application, call Mortgage Brokers: For enquiries on new and existing applications, please call us on For help with our savings products, including ISAs, call us on It might be fraudulent.

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Top frequently asked questions. Where can I find my digit ID? You would have received your digit customer number in your welcome letter or email. If you've forgotten your number, you can: - Check the mobile app: Log in to the Metro Bank app and go to the More menu to access Settings, and select My Details. When paying in cheques drawn on a non-UK bank, please allow 6 - 8 weeks for clearance. Our products. View more products View less products. Ways to bank.

Online Banking. Metro Bank app. Store Locator. Contact us by phone. More useful phone numbers. Lost and stolen cards Lost and stolen cards Call 08 08 to report your card lost or stolen. You can ask your financial institution for a list of slow-to-pay countries if you plan to send or receive money from these areas.

Generally, you need the following information when transferring money:. There are a few primary ways financial institutions send money, which can affect how long a money transfer takes. The most common ways to transfer money include:. Administrative processes and cut-off times for these different methods can affect how long it takes to complete a money transfer. Wondering why an international money transfer can take several business days for the funds to arrive?

Several factors contribute to the longer transfer times, which may include:. You have lots of options when it comes to sending money, but Western Union aims to make sending money fast and convenient. Whether you want to transfer money to a bank, send for cash pickup, or transfer money directly to a mobile wallet, Western Union gives you options so you can choose the best way to send and receive money, almost anywhere in the world.

You can send money quickly online or with the easy-to-use app. You can also visit an agent location near you to transfer funds to over countries and territories. In most cases, yes, bank transfer times are instantaneous. However, banks will occasionally hold onto your funds for several days. In most cases, the bank is simply doing their due diligence. So, how long does a bank transfer take for international payments? In general, the bank transfer time will be around one to five working days.

While domestic transfers are likely to be processed within two hours — and in most cases, considerably less time than that — international transfers may take a little longer.

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