What do you mean by ICBC's transfer delay?

From 20 16 12 1, an individual who transfers money through an ATM can apply to the card-issuing bank for cancellation of the transfer within 24 hours after it is accepted by the card-issuing bank. The People's Bank of China issued the Notice on Strengthening the Management of Payment and Settlement to Prevent New Crimes in Telecommunication Networks, and comprehensively strengthened the management of account real-name registration system, bank card business and transfer.

Extended data:

Importance of late arrival:

To provide consumers with the option of "delaying payment", the background is that telecom fraud cases are frequent, and it is necessary to reserve time for the transferor to handle the special situation of misposting or being cheated. This measure can be seen in the Notice of the Central Bank on Strengthening the Management of Payment and Settlement to Prevent New Crimes in Telecommunication Networks: "From 20 16 12 1, banks and payment institutions should provide depositors with various transfer methods such as real-time arrival, ordinary arrival and next-day arrival, and depositors can only handle business after choosing."

However, in terms of cancellation of transfer, it is only stipulated that "if an individual transfers money through self-service teller machines (including other self-service devices with deposit and withdrawal functions), the issuing bank will handle the fund transfer within 24 hours after acceptance, and the individual can apply to the issuing bank for cancellation of transfer within 24 hours after acceptance".

References:

Notice of Baidu Encyclopedia on Preventing and Combating Telecommunication Network Fraud Crime