Discover the transfer time from Commonwealth to BankVic

When transferring funds from Commonwealth Bank (CBA) to BankVic, the processing time depends on the chosen transfer method. Understanding these timelines can help you plan your transactions effectively.

Transfer Time from Commonwealth Bank to BankVic

• PayID Transfers: Typically processed within a few minutes, often in real-time, allowing for near-instantaneous fund transfers between participating banks.
• Standard Transfers: May take up to 24 hours, especially when sending to a new payee or when additional security checks are required.

Factors Influencing Transfer Time

• Transfer Method: PayID transfers are generally faster compared to standard bank transfers.
• New Payee Transfers: Sending funds to a new payee may involve additional verification steps, potentially delaying the transfer.
• Bank Processing Times: Both CBA and BankVic have specific processing times that can affect the overall transfer duration.

For the most accurate and up-to-date information, it's recommended to check directly with Commonwealth Bank and BankVic regarding their transfer processing times and any potential delays.