[quote=sdrealtor]I dont know the exact details but large amounts of money take time to move and get posted.[/quote]
Why would it take longer to move a large amount of money? And, if so, why wouldn’t people move two or more smaller amounts of money (quickly) instead of one large amount of money (slowly)?
Does anyone know the details? I would suspect that perhaps all wires or transfers >$X may require additional fed money-laundering or other checks which could delay the transfer by a day or two.
I googled “Regulation J – Check Collection and Funds Transfer” but it’s rather complicated. Can any knowledgable person explain the related fed rules in layman’s terms?
