At least where I live, if I make a transfer between my accounts (with different banks) too late on a Friday, the money won’t be available until Monday. But there are no humans involved in this process – it seems to me that could be instantaneous as far as the technology is concerned. What am I missing?
In: 1897
They can and in many places they do. It is a leftover fault from when transfers were done by courier back before everything went digital. Now they kept this fault as an excuse to do less work.
My bank won’t do transfers to othe banks during the weekend but I can do as many as I want within the bank.
I remember a friend in south Korea said they are able to do transactions any day of the week.
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