Quote:
Originally posted by greenlab
you can have very fast wires (same day) if you have your bank (Ordering Institution) send the wire with the SAME DAY VALUE DATE ! most banks will do it, but will charge you extra...
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Does the SPOT value also affect when the settlement between banks happens (which may result in different currency rates), or is it purely for the receiving banks benefit?
As mentioned above my wires arrive very quickly, perhaps my bank ignores this and credits me immediately.