
Eileen O'Mara
102:10 - 102:42
"typically it is what we call like T+3, 3 business days. Now, we're coming up to a holiday next week. I will be in on data work calls that will say, I leave me, uh, when will the money hit my account when there is a public holiday next Friday? I need to make payroll"
“typically it is what we call like T+3, 3 business days. Now, we're coming up to a holiday next week. I will be in on data work calls that will say, I leave me, uh, when will the money hit my account when there is a public holiday next Friday? I need to make payroll”
So, Ms. Omera, if a business processes a transaction on Friday, for example, how long does it typically take for businesses to actually have access to those funds? I mean, the short answer, it depends, but typically it is what we call like T+3, 3 business days. Now, we're coming up to a holiday next week. I will be in on data work calls that will say, I leave me, uh, when will the money hit my account when there is a public holiday next Friday? I need to make payroll and I need to make my employees— so this is the ongoing conversation.