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01 July 2009

Why do transactions take so long to appear in my statements?

Why is it that when I pay for something with my debit card it takes 2 to 3 days for it to show up in my statements? The exception to the rule seems to be money withdrawals. I know of other European countries where all transactions are immediately available thus allowing for greater transparency. There's nothing worst than looking at your statement and thinking you have more money than what you actually have. This is even more true when you're dealing with joint accounts.

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