banks clearing and fairness

Were you aware of the profit banks made from the delay in our money transferring between accounts?"Currently transfers can take three to five days to go through, during which time the paying banks earn interest on the sum being transferred. In 2003, the Office of Fair Trading (OFT) said the delay between money leaving one account and arriving in another saved banks �30m in interest payments"
I have a sense of some outrage at some of the money-making tactics of banks. The whole system of banking is based on the creation almost ex nihilo of money, your have thought that aking £10 out of every £1 we deposit ought to be enough and they should be offering us incentives both to deposit money and [as they are doing] to borrow to keep the system going. But not only do they screw their own workers but they also come up with all sorts of shonky stuff to use customer inertia and relative immobility to hyperprofit from us. And that's before I get onto them using our money to prop up dictatorships, invest in companies that are harming our children's futures and maintain financial arrangements globally that keep the poorest poor. ...
Rant over. I feel a bit better now.
Guardian Unlimited Money | News_ | Banks tighten up clearing process: