Aye -Right
For all the pontificating and soul searching aboot setting right the excesses and downright greed of Banking System - just one reflection shows that to be a lot of baloney.
Consider it still takes 3 days for UK-UK bank transfers.
A transfer could be carried out instantaneously using the technology we have today.
However by delaying the transfer by a few days, the bank can hold onto the money and any interest accrued for that period and so makes a small profit on each transaction.
When you consider that there are many millions of these transactions every year, the banks can make a considerable amount of money from the delay.
Change m'Arse.
For all the pontificating and soul searching aboot setting right the excesses and downright greed of Banking System - just one reflection shows that to be a lot of baloney.
Consider it still takes 3 days for UK-UK bank transfers.
A transfer could be carried out instantaneously using the technology we have today.
However by delaying the transfer by a few days, the bank can hold onto the money and any interest accrued for that period and so makes a small profit on each transaction.
When you consider that there are many millions of these transactions every year, the banks can make a considerable amount of money from the delay.
Change m'Arse.
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