Economies abhor inefficiencies. This is so in banking. Wire transfers and payments can be paid right into the beneficiary's accounts with the use of computers that confirm name and account number information as it appears on the payment or wire transfer. There is no need for the payments to be on hold. We might say that a payment over $20000.00 could be held but it is first credited to the intended account and then held for 5 business days only and then added to the available funds balance after some verifications are completed to ensure it is a viable payment and not infringing the money laundering rules.

 Economies abhor inefficiencies. This is so in banking.   Wire transfers and payments can be paid right into the beneficiary's accounts with the use of computers that confirm name and account number information as it appears on the payment or wire transfer.   There is no need for the payments to be on hold.  We might say that a payment over  $20000.00 could be held but it is first credited to the intended account and then held for 5 business days only and then added to the available funds balance after some verifications are completed to ensure it is a viable payment and not infringing the money laundering rules.