Explain Like I'm Five | Don't Panic!

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ELI5: Why does it take several days to transfer money from one bank account to another? (lemmit.online)

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The original was posted on /r/explainlikeimfive by /u/Comprehensive-Fun47 on 2023-10-03 15:25:13.

When I transfer money from one bank to another, it takes 1-3 business days for the money to show up in the second account.

Why should it take this long if it is just a digital transaction? 24 hours seems reasonable, but 3 business days is too much for something a computer is handling.

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