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Clearance time for wire transfer from US

Rooneysdaman · 2010-08-10 19:53:10

Can anybody tell me how long it takes for funds to become available in an Irish bank account after being wired electronically from the US? It is my understanding that wire transfers are available immediately but somebody has just told me they think there is a few days waiting-for-clearance time. The bank in question is…

10-08-2010 7:53pm

#1

Rooneysdaman

Registered Users, Registered Users 2 Posts: 69 ✭✭

Join Date: February 2010

Posts: 52

Can anybody tell me how long it takes for funds to become available in an Irish bank account after being wired electronically from the US?

It is my understanding that wire transfers are available immediately but somebody has just told me they think there is a few days waiting-for-clearance time. The bank in question is Permanent TSB.

Also, does the clearance time (if any) depend on the amount of money involved?

Thanks.

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#2 10-08-2010 11:43pm

Toots

Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,957 Admin ✭✭✭✭✭

Join Date: October 2007

Posts: 16147

It depends on which way the sender sent the funds. There is a same day option, whereby the funds will be in the account at the close of business on the day they were sent. The 'standard' time is 5 working days from the US to here. The funds hit your account on the 5th day and they are clear instantly from then.

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