2006-12-22

Limbo dissapeared

Surprise today, Limbo is gone! A while ago, a foreign friend explained her surprise when transferring money between two Belgian banks took so long. "The money is removed from one account, spends a day in limbo, and then is put on the other account." Us Belgians were used to this, until now...

Today i asked my client about an unpaid invoice. They said they would pay today. And indeed, a couple of hours later, i could see the money on my account!

Will this be the normal way of banktransfers as of now ? I certainly hope so.

2 comments:

Annelies said...

It depends, this is the new law. But the money may not actually be there yet, although you can see it.

Normally, everything is processed once a day and then all should be well. You can just see it quicker now that it will be there :)

(note: KBC has had this feature for some time, I don't know about other banks yet and if this is available on all cash machines and homebanking.)

Paul Cobbaut said...

Hey Annelies, i am indeed with KBC. I have not tested withdrawal of money just received.
Until now, i like the new Belgian laws (no smoking in restaurants, yeay!).

cheers,
pol :)