Quote:
Originally Posted by WuTang
Why does it take 7 to 10 biz days to return money to a card when they can take it instantly?
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Seven to ten days is excessive, but there is a reason for a shorter period of two to three days.
It's all about posting and getting it from the financial institution that holds the funds.
Now, since it's all electronic and there are clearinghouses of sorts, I have no idea why that cannot be near-instant, too. It's not like they're FedEx'ing documents all across the country.