• Tja@programming.dev
    131·
    11 months ago

    Almost nobody in this thread is aware of the limitations that 24h pose.

    Forget real estate needs weeks, even cash. Anything bigger than 10k probably needs a few days notice. I have like a 600 euros a day limit on my cards.

    Buying bitcoin could be a good idea, lottery tickets or gold.

    • AA5B@lemmy.world
      3·
      11 months ago

      I was able to use my credit card to put a nice sized down payment on a car, with a simple call to my bank. I have no idea what the limit to that exception process is. (Collected huge cash back, and paid it immediately with money I had set aside for the car so no interest)

      But what about the clearance process? Different ways the money comes in would take different amounts of time to clear, all more than 24 h, so if we have to worry about that, the bank probably won’t let us spend more than we already had

      • Tja@programming.dev
        1·
        11 months ago

        If it was a credit card it wasn’t even your money (yet), only after you peid the credit card bill. Which I this scenario would be well after the 24h,i assume…

    • hglman@lemmy.mlEnglish
      3·
      11 months ago

      You need to transfer money into something you can liquidate in the future.

      • Tja@programming.dev
        1·
        11 months ago

        Depends on the broker, usually you have to transfer the money in advance…

        If you can buy them directly from your bank that would be a great strategy :)

    • admin@sh.itjust.works
      1·
      11 months ago

      Also I’m surprised nobody has commented to do a wire transfer into a business account which has less limitations than a simple human mortal account.

      • a9249@lemmy.world
        2·
        11 months ago

        Takes multiple days to setup, chances are most people don’t have one lying around.