[calmbell]

And transferring money from a bank or brokerage account takes time. Enough time that anyone paying attention should be able to report the transfer as fraudulent before it completes and have the account frozen.

[dist-epoch]

It depends. In UK a transfer is instant. In most of EU it happens the same day, many times in hours.

[zoover2020]

EU is mostly instant too,IBAN at least.