Czech Banks Speeding Up Transfers

Many money transfers from one bank to another often aren’t accomplished on the same day, and Czech banking law allows them to happen on the following business day. But banks have been starting to change that.

Some Czech banks have been voluntarily starting to speed up the process to allow transfers posted in the morning to be completed in the afternoon, without the client having to pay a priority or premium fee.

And in the near future, some banks will be experimenting with interbank transfers in real time, with no delay even on weekends.

Read the full article here (via Prague.TV)

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