Quote: Originally Posted by jimbo45
With this sort of hardware availablle wouldn't it be great now if the Bank could STILL get my paycheck into my account in less than 3 days !!!!
Any Bankers on this Forum -- what actually happens to this money that's 3 days in transit -- it is immediately debited out of ACCOUNT A (say agency / your employer or whatever) and takes 3 days before being credited to your private account say ACCOUNT B unless you pay a swindingly extortionate 15 EUR for "Same day Transmission".
Fast computers can do this stuff in MICROSECONDS. !!! A 1000 Core machine would have the transmission completed even before the remote user had lifted his finger off the enter key. Fractions of a NANOSECOND would be in order.
This money must be "Somewhere" and if the Bank is using it to make money WITHOUT MY PERMISSION -- technically it's STEALING as they are "borrowing My money" without my permission then why don't I get Stock exchange Interest rates on it.
Why in the days of 1000 core computers does this stuff STILL take so long -- most Banks spend trillions on decent IT infrastructure too (I'm not saying anoything about their call centers -- that's an unspeakable horror best suited for venting my anger elsewhere).
It's actually not your money till you get it.
Maybe it's a European thing, but here in the states, when you have direct deposit, your money is available at midnight on the day you get paid (this is my personal experience).
Government employees that get paid on the 1st and 15th of the month can get their money a few days ahead if the 1st or 15th falls on a weekend or a holiday Monday, they usually get their money on Friday.