why do banks need an extra day to process paychecks after ‘bank holidays’ when almost everything is automatic/digital?
In: 3758
Because they can (government lets them)
Many/Most? developed countrys no longer have such delays because governments stopped them and if a certain bank lacked the technical ability (IT) their regulator forced them to upgrade.
Every excuse you might see is just that, an excuse
Only real exception is international transfers (different governments/regulatory authorities and generally an intermediary or 3 between can slow things down)
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