Why is it....................?
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Rod
- Posts: 4824
- Joined: Fri Aug 15, 2008 1:08 pm
Why is it....................?
...that a criminal mastermind or the hero in a movie can get wire transfers instantaneously but you can't get a wire transfer from your stock account/annuity in less than 5 to 10 days?
one can be a Democrat, or one can choose to be an American.
Good acting requires an imagination; reality requires a person not getting lost in their imagination.
"It's better to have a gun if you need it". Felix's opthamologist
Good acting requires an imagination; reality requires a person not getting lost in their imagination.
"It's better to have a gun if you need it". Felix's opthamologist
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Aglifter
- Posts: 8212
- Joined: Tue Aug 19, 2008 12:15 am
Re: Why is it....................?
? Er, because you're using a really bad bank???
And for the support of this Declaration, with a firm Reliance on the Protection of Divine Providence, we mutually pledge to each other our lives, our Fortunes, & our sacred Honor
A gentleman unarmed is undressed.
Collects of 1903/08 Colt Pocket Auto
A gentleman unarmed is undressed.
Collects of 1903/08 Colt Pocket Auto
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Rod
- Posts: 4824
- Joined: Fri Aug 15, 2008 1:08 pm
Re: Why is it....................?
Actually, it's pretty much any financial institution, they always say 3 to 5 days on checks AND hold certain checks for up to 10 days even though business is done electronically AND the check is from a nationally known corporation. This WAS tongue in cheek by the way.Aglifter wrote:? Er, because you're using a really bad bank???
one can be a Democrat, or one can choose to be an American.
Good acting requires an imagination; reality requires a person not getting lost in their imagination.
"It's better to have a gun if you need it". Felix's opthamologist
Good acting requires an imagination; reality requires a person not getting lost in their imagination.
"It's better to have a gun if you need it". Felix's opthamologist
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Rich
- Posts: 2592
- Joined: Mon Aug 18, 2008 8:11 pm
Re: Why is it....................?
Rod, it's a plot device used in fiction. 
And yes, I feel your pain.
And yes, I feel your pain.
A weak government usually remains a servant of citizens, while a strong government usually becomes the master of its subjects.
- paraphrased from several sources
A choice, not an echo. - Goldwater campaign, 1964
- paraphrased from several sources
A choice, not an echo. - Goldwater campaign, 1964
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308Mike
- Posts: 16537
- Joined: Wed Aug 13, 2008 3:47 pm
Re: Why is it....................?
Obvious: To make money off your money for a longer period of time.Rod wrote:Actually, it's pretty much any financial institution, they always say 3 to 5 days on checks AND hold certain checks for up to 10 days even though business is done electronically AND the check is from a nationally known corporation.Aglifter wrote:? Er, because you're using a really bad bank???
POLITICIANS & DIAPERS NEED TO BE CHANGED OFTEN AND FOR THE SAME REASON
A person properly schooled in right and wrong is safe with any weapon. A person with no idea of good and evil is unsafe with a knitting needle, or the cap from a ballpoint pen.
I remain pessimistic given the way BATF and the anti gun crowd have become tape worms in the guts of the Republic. - toad
A person properly schooled in right and wrong is safe with any weapon. A person with no idea of good and evil is unsafe with a knitting needle, or the cap from a ballpoint pen.
I remain pessimistic given the way BATF and the anti gun crowd have become tape worms in the guts of the Republic. - toad
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Rod
- Posts: 4824
- Joined: Fri Aug 15, 2008 1:08 pm
Re: Why is it....................?
Ding, ding, ding, ding...308Mike wrote:Obvious: To make money off your money for a longer period of time.Rod wrote:Actually, it's pretty much any financial institution, they always say 3 to 5 days on checks AND hold certain checks for up to 10 days even though business is done electronically AND the check is from a nationally known corporation.Aglifter wrote:? Er, because you're using a really bad bank???
one can be a Democrat, or one can choose to be an American.
Good acting requires an imagination; reality requires a person not getting lost in their imagination.
"It's better to have a gun if you need it". Felix's opthamologist
Good acting requires an imagination; reality requires a person not getting lost in their imagination.
"It's better to have a gun if you need it". Felix's opthamologist
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Precision
- Posts: 5273
- Joined: Wed Aug 20, 2008 6:01 pm
Re: Why is it....................?
actually
wire transfers of cash take about 15 minutes (if both ends are paying attention).
When you are wiring out from an annuity or another type of investment device the problem is multi-fold:
federal regulation of getting 400 signatures and double checks AKA CYA
federal regulation allows 3-5 business days for conversion to cash AKA know as cool down
investment institution demanding hard copy signature of authority SEE CYA
general incompetence and slack attitude of the sending institution
Delay is good. more money earned, doesn't show as soon on the books many managers get paid on total assets
And there is also the fact that you have NO lever on them.
If you have the money coming from an IRA it is 3 weeks minimum and most of that is official .gov red tape.
wire transfers of cash take about 15 minutes (if both ends are paying attention).
When you are wiring out from an annuity or another type of investment device the problem is multi-fold:
federal regulation of getting 400 signatures and double checks AKA CYA
federal regulation allows 3-5 business days for conversion to cash AKA know as cool down
investment institution demanding hard copy signature of authority SEE CYA
general incompetence and slack attitude of the sending institution
Delay is good. more money earned, doesn't show as soon on the books many managers get paid on total assets
And there is also the fact that you have NO lever on them.
If you have the money coming from an IRA it is 3 weeks minimum and most of that is official .gov red tape.
"Those who hammer their guns into plows will plow for those who do not." ~Thomas Jefferson
My little part of the blogosphere. http://blogletitburn.wordpress.com/
My little part of the blogosphere. http://blogletitburn.wordpress.com/