Cryptocurrency Q&A Why does EFT take 3 days?

Why does EFT take 3 days?

SamuraiCourageous SamuraiCourageous Sat Nov 30 2024 | 7 answers 1073
I'm wondering why it takes 3 days for an electronic funds transfer (EFT) to be completed. I would like to understand the reason behind this time frame. Why does EFT take 3 days?

7 answers

SakuraTide SakuraTide Mon Dec 02 2024
During public holidays, our transaction processing times may be extended due to reduced operational capacity.

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Marco Marco Mon Dec 02 2024
Once the transaction is processed, it will take additional time for the money to be credited to your account.

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CryptoGuru CryptoGuru Mon Dec 02 2024
If multiple public holidays occur consecutively, it can further impact our ability to process transactions promptly.

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Alessandro Alessandro Mon Dec 02 2024
In such cases, it may take up to three business days for us to complete the transaction processing.

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DondaejiDelightfulCharm DondaejiDelightfulCharm Mon Dec 02 2024
This delay is necessary to ensure that all transactions are handled accurately and securely.

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