How come banks don’t update my account information on the weekend, do their computers all go to sleep?

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How come nothing ever goes through on like a balance sheet when online banking over the weekend? It always updates on Monday it seems like. What’s that all about?

In: Economics

23 Answers

Anonymous 0 Comments

Mostly tradition from when physical banks were closed on weekends, it’s also a good time for them to do system maintenance.

Real-time payments are coming, but they are huge projects to implement.

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