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. It is digital and automated. Here you can transfer between banks on a sunday on your bankapp in like 10 seconds.
We have 24 × 7 bank to bank transfers in India free of cost.
Any amount, any day.
So it depends on the regulations and how capable the system is.
We have 24 × 7 bank to bank transfers in India free of cost.
Any amount, any day.
So it depends on the regulations and how capable the system is.
It’s prob an American thing. In aus it is more or less instant between banks for more then 10 years now
We have 24 × 7 bank to bank transfers in India free of cost.
Any amount, any day.
So it depends on the regulations and how capable the system is.
It’s prob an American thing. In aus it is more or less instant between banks for more then 10 years now
They could if they wanted to. Some comments mention that people are needed to support those automated systems. Those people already work on weekends. It’s not like a bank turns off all computers on Friday evening and turns them back on on Monday. Those servers run 365 days a year. It actually is programmed not to send your money over the weekend. So it’s extra programming to check for days of week and holidays.
It’s prob an American thing. In aus it is more or less instant between banks for more then 10 years now
They could if they wanted to. Some comments mention that people are needed to support those automated systems. Those people already work on weekends. It’s not like a bank turns off all computers on Friday evening and turns them back on on Monday. Those servers run 365 days a year. It actually is programmed not to send your money over the weekend. So it’s extra programming to check for days of week and holidays.
They could if they wanted to. Some comments mention that people are needed to support those automated systems. Those people already work on weekends. It’s not like a bank turns off all computers on Friday evening and turns them back on on Monday. Those servers run 365 days a year. It actually is programmed not to send your money over the weekend. So it’s extra programming to check for days of week and holidays.
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