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Wire transfers in the United States - why the delay?


The United States Post Office has recently elevated their service level for priority mail and yet here in the United States, even though the headlines are still concerned with the state of the financial institutions, the wire transfers have no specific timeline. Some transfers occur in a matter of hours, some take days. To complicate matters more, the transfers from Canada to the United States also remain very sporadic. If the US Post Office can streamline with quicker delivery times, why is it the wire transfers don't have a definitive timeline?

 

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