How is it investec to investec , Nedbank to Nedbank, ABSA to ABSA etc can manage eft clearance within minutes - yet Std Bank takes up to 24hrs.
Please don't spin the old "security" yarn.
Bankserv / Payshap has proved that to be a big fat lie - closer to the truth is the fact the big 4 banks make R500m per year on immediate clearance fees.
Question remains - why can other banks achieve internal transfers within minutes, but you take up to 24hrs.
Is there a little old man travelling on horseback from branch to branch??
