why do banks need an extra day to process paychecks after ‘bank holidays’ when almost everything is automatic/digital?

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why do banks need an extra day to process paychecks after ‘bank holidays’ when almost everything is automatic/digital?

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Anonymous 0 Comments

They don’t.

Australia put legislation in to have all electronic transfers being instantaneous.

The banks were fully in compliance Day 1 without a trouble in the world.

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