For automated processes, for example online banking, why do “business days” still exist?

Question

For automated processes, for example online banking, why do “business days” still exist?

In: Technology

Answer 1

Besides the fact that sometimes a human check is required, banks make money daily via interest rates. While holding on to your money, for whatever reason and however long, it nets them that extra bit more.

So if they can stall a transfer, they will.