I only just compensated my credit card past its sell-by date, where on earth does the money walk back it get to the card company?

i salaried lb800 currency at the sandbank, it hasnt get to the card company however, it will whip 3 - 5 working days. Who have that change surrounded by the 3 - 5 working days. Does it adjectives bring back invested next to everyone elses "clearing" funds

Answers:
Currently, the money will merely be contained by the "system", effectively giving the bank a free loan of your money, which they can lend out to others at a illustrious interest rate.

The FSA are cracking down on this very soon, as other countries do these transactions almost instantly. They own given the bank till November to rearrange their systems, but the bank are in a minute asking for another 6 months. Its not prearranged whether their request will be granted at the moment.
yes!
Well within's the answer for yourself mate the bank hold it contained by their collective holding pot call the clearing process. These ever so poor institutions hold onto everyone's money over alike length to glean the interest from it. Now individually we confer them not much but collectively? Well wouldn't we adjectives close to freshly sometime's interest on billions?

And an added moot point the bank be supposed to be introducing same sunshine clearing by touchtone phone and internet this year but it have be put on hold till subsequent year - wonder why?!
How do you conjecture bank build adjectives these millions of pounds profits?


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