The sickening delay in Inter-bank transactions | It takes forever...

avatar
(Edited)

One of the things that never fail to disappoint me about our banking sector is the way they render services related to interbank transfers.

pexels-photo-5999936.jpeg

The service they give is as fickle as the wind. Whenever I want to do an interbank transfer, it usually keeps me on the edge of my seat until I know for a fact that the money is received by the account remitted. Even when the money is already debited from my account, I still know that things can go wrong in multiple ways.

Funny enough, when something like this happens, there is no way to reverse the transaction immediately. They have a standing practice of reversing such transactions after 24 hours. In some cases, the banking institution ignores the whole transaction without reversing it until you physically make an appearance at the bank.

You may think that something like this happens because someone did some high-rated transaction, but that's not the case. It's just the banking way and their usual bureaucratic mode of operation. It may seem as if everything is going just fine, but it can all change within the twinkle of an eye.

Off the back of a similar experience with the time-wasting associated with doing interbank transactions, I've completely redefined the way I do such transactions. I prefer to do it from the comfort of my home through the mobile app without having to fill out some forms and go through signature verification... Stuff like that.

Nonetheless, whenever the banking gods decide to be mischievous, even a transaction done electronically can still be affected.

That's exactly the issue I'm facing now. It's nearing 12 hours hallmark since I did an interbank transaction.

The amount got debited from my end but the receiving account is yet to be remitted with the transferred amount.

At the moment, this is not so much of an issue because it's not a very urgent remittance. But it is too inconvenient to go through these delays just because you want to send some quid.

Funny enough, this is a transaction between two regional banks. You can only imagine how long it will take them to process an international transaction.


Little wonder why those in the know are getting deeper involved with Crypto. Transactions on Hive (for example) happen within seconds. Everything goes as fast as you want it. But with Banks... you can never be too sure of how things will be.

I'm still waiting. Haha. Waiting for the centralized folks to approve my transaction 🙂.

Thanks For Not Missing Any Full-stop Or Comma
DreemPort_Image_Sourcing_boy.gif
The above banner is used with permission.
Thumbnail Image from pexels | Gif is from tenor.com
.



0
0
0.000
8 comments
avatar



@kenechukwu97 YOU !PIMP, THE HiQ Smart Bot, has recognized your request. !PIZZA

If you have at least 10 HIQS staked, then juicy votes will follow!


Delegate [HP to @hiq.hive], [BEE to @hiq.bee], [PHOTO to @hiq.photo], [FUN to @hiq.fun] or [PIMP to @hiq.pimp] to support the HiQ Smart Bot and its trails.


For any further questions, please feel free to contact @hiq.redaktion via comment or Discord.

(This is a semi automaticaly created manual curation. Currently I am in the testing phase though !LOL)

0
0
0.000
avatar

Congratulations @kenechukwu97! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 50000 upvotes.
Your next target is to reach 55000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Day - September 1st 2022
0
0
0.000
avatar

Oh, yeah! Haha. I wonder how long it will take to get that.

Thanks buzz ✌️

0
0
0.000
avatar

It happened to me too, I refused fo visit the bank, instead I filled an online complained and it was reversed after 3weeks.

Someone told me to get to the banks twitter handle, write a complaint and tag both bank and @cbn, the threat of CBN sanctioning then will make them reply me on time.

0
0
0.000
avatar

Nawa oooooo. No be small thing.

These banks and their services are so annoying. I really hope they reverse the money today or remit the receiving account.

0
0
0.000