Spiggie beach with dog

What is the 3-days-to-clear-money swindle operated by almost all banks?

In this age of high-speed, high-tech communications, are they really trying to say they can't transfer money immediately and that they still hide behind the 'we have to wait for the cheque to be received' excuse when most people don't even use cheques any more.

Amazingly, it is possible to transfer money immediately - if you are prepared to pay for it so it must be possible!

Bloody Banks...