Is it legal for an internet bank to float money that is being transfered into and out of your on-line account? I have an internet bank account that I shuffle money into and linked to my regular bank. I have noticed that it takes an inordinate amount of time for money to be deposited into my internet bank account, sometimes more than 7 days from when the money is actually registered as withdrawn from my regular checking account. I always thought electronic wire transfers were instantaneous. It is a quicker in the reverse when I am transfering funds from my internet bank to my regular checking account. It takes about 3 days for the funds to be deposited into my regular checking account, which leads me to think that my internet bank is deliberately floating money. Is this standard procedure for most internet banking accounts?