Dylan Smith wrote:

What's wrong with your banking system? Have they not heard of networks
yet or something? When I pay cheques into my bank, the funds are available the
next business day.

In the US, most banks will hold checks for three to five, sometimes up
to seven business days before releasing the money to the customer. They
claim it is to ensure the check clears, but in reality it is just a
method for the bank to make extra money on the float (make interest
during the period they hold the funds).

--
Peter