why do banks need an extra day to process paychecks after ‘bank holidays’ when almost everything is automatic/digital?
In: 3758
It’s important to note that all the replies about bank batch transactions are US specific. Many (possibly most) banking systems around the world are much more modern, and they do provide instant and secure transactions.
In fact, many US banks join little collectives and utilize modern systems with each other, it’s just the central system that is antiquated.
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