Re:Australia’s new real-time banking payments platform
by darrenf on Tuesday February 13, 2018 @06:09AM
(#16366251)
I'm curious about the "20 year" difference between the UK and Australia too. My brother moved down under in 1999 (so, y'know, almost 20 years ago) and I've visited for 1-4 weeks every year since 2006. Never in that whole time have I noticed any radical difference in the personal finance experience, nor had any "ah man, you lot back home are so backward!" anecdata from him.
> How quickly do credit card transactions appear in your account?
On this note, I just checked, and the £9.75 I spent on breakfast 90 minutes ago is on my account right now. I don't know exactly when it appeared but I expect it was near enough instantaneous. Is there a reason it wouldn't be?
In Australia (CBA at least) it is instantaneous, in Hong Kong, it is at least 3 days.
CBA has also automated most of the account management through its netbanking - whereas in Hong Kong I need to visit a branch to create or delete an account.