I use the same bank for my chequing as for my visa. Yeah, yeah I know technically one is the bank and one is the credit card compnay but to me THEY ARE EFFECTIVELY THE SAME COMPANY
So why if I do an online transaction paying my visa card on Tuesday does it take til Thursday night for the payment to show on my Visa? The money gets debited from my chequing account on the Tuesday. That transaction seems to take about a nanosecond. Poof money gone.
Just where is that money for two days?
Enquiring minds want to know...
So where does my money go for two days?
May 3rd, 2007 at 09:26 pm
May 3rd, 2007 at 09:31 pm 1178227885
May 3rd, 2007 at 09:57 pm 1178229475
May 4th, 2007 at 12:11 am 1178237506
I've been mulling over going back to mailing checks instead of using on-line bill pay for my larger payments (like credit cards), and after that discussion with my banker I made up my mind.
$20 trash bill = on-line bill pay to save the postage
$500 cc bill = mail a check, earn about an extra week's interest by the time the check gets sent back and cleared, come out a bit ahead on interest vs. postage