FAQ about bank-in or transfers

I have seen many disputes about how money takes very long to transfer to accounts and how banks not doing their jobs and so on. To prevent further misunderstandings, we present you the common timeline for such transfers.

Bank-in through:

• Cash-in at bank counter - immediate
  
• Local Cheque at same or different bank (counter or machine)
  • bank-in morning - 1 day
    
  • bank-in afternoon - 2 days
• Outstation Cheque (meaning issued cheque and bank-in account is not from same state)
  • bank-in morning - 2 day
    
  • bank-in afternoon - 2-3 days
• Online transfer different bank (GIRO) - 2 days
  
• Online transfer third party account (same bank) - immediate

Notes:
1. Days listed above must be counted as working days (which does not include Saturday and Sunday currently)
2. Morning = bank opening hour till 2pm
3. Afternoon = after 2pm

Contributor: almostthere, abubin (Mar 2006)