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Bank Transfers will be immediate from Monday 25

Posted in Notes Urban

( FortunaWeb ) As of April 25, the electronic money transfers made through banks will be immediate. That is, the crediting of funds in the recipient's account is held a few seconds after the transaction is completed. The measure is implemented by order of the Central Bank (BCRA), which noted that accreditation currently take between 24 and 48 working hours. This amendment applies to individuals and corporations and has ceilings:

• $ 10,000 ATM
• $ 50,000 for Home Banking

Since Monday, this change will only affect operations in Argentine pesos. Meanwhile, will expand to dollars as of May 31 with limits of:

• U $ S 2,500 for ATM
• U $ S 12,500 for Home Banking

Anyway, the Central Bank said in a statement that calls for raising these limits in the future.

No commission

From November 1, 2010 the transfer of money up to $ 10,000 are free commission payment for users. As currently commission caps operations are:

• $ 5 for transfers up to $ 50,000
• $ 10 for transactions between $ 50,000 and $ 100,000
• $ 300 if over $ 100,000.

Customers are demanding more information about money transfer mechanisms can be reached at 0800-999-6663 or via www.clientebancario.gov.ar .



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