What realistic scenario do you envision that you would need / want to move a large amount of money with a 24h notice ? And what would be the reasons why that can't wait one more day if the transfer doesn't work out ?
To be honest I want as close to instant as possible. If the FTSE100 drops 15% then I want to be there to buy it before it pops up again.
My house deposit in Toronto. Offer was accepted and we had to get a portion of the deposit ($5k) to the sellers broker within 12 hours. I banked with an online bank at the time Tangerine and we had to drive to their only office off Steeles to get the draft same day. I stopped banking "online only" after this.
Elevator deposit when I moved into my apartment. This was their fault because they never told us prior.
But there are a multitude of different scenarios. Bail money for example.
There's plenty of ways where missing the payment date means you lose your deposit which can be tens of thousands of dollars.
Please elaborate. Which one requires 1-day turn-around ?
Who wakes up one day and decides they're buying a house today, without any prior planning?