Question by  knmurp (1)

how long does it take for a bank wire of more than 5 million dollars to clear?


Answer by  tamarawilhite (17883)

This will take 5 business days or more as both banks confirm that there are sufficient funds to cover the transfer. If it is an international transfer with currency conversion, expect 10 business days.


Answer by  Kurt (4579)

The bank may not give you access to the funds deposited in the bank wire immediately for that large an amount. It depends on your bank history on the size of deposits and their comfort with the customer is trustworthy.

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