What happens (in detail) when withdrawing funds from electronic money to a bank account?

Question

Fintech

Hello!
Withdrawal from electronic money to a bank account may take several business days. It is clear that this is most likely due to the fact that the work is done by hand. Interested in stages and who sees my money at these stages. Thank you!

Answer 1

as in a regular bank - three steps
1) transactionally debit the user's account (in the bank / in the system)
2) check the availability of money in the gateway of the target system (corresponding account of different types)
3) issue an instruction to debit the specified amount from this gateway with accompanying parameters
2-3 in the case of a transfer in dollars consists in an instruction to the correspondent bank to write off dollars in favor of another bank, with the transfer to this other bank of a swift with payment parameters: the recipient's account, the destination
is usually semi-manual, because the correspondent bank + mutual correspondents are selected no bank accounts - not native currency
in rubles (2-3) can pass automatically, after approval by clerks (2-3 levels) of the sending bank. From this, of course, it does not follow that the receiving bank will rush to credit the recipient's account without receiving compensation from the sender / or from the correspondent account with the Central Bank. But between peers (they have correspondent accounts with each other) it passes automatically, and after the op day, banks sum up the mutual balance.
in fact, when it is withdrawn from the system, the clerks of the bank affiliated with the system receive an instruction to send money to such and such a bank, and then on points
of course, the beneficiary's address and account are in the instructions, so that all intermediate banks can see it. And sometimes they turn around. The beneficiary's bank, of course, may or may not see your account in the system. When on a card - usually not, when by transfer - the same webmoney indicates WMID and wallet