why do banks not process your payments on the weekends? For example, if I make a rent payment on Friday, the money isn’t withdrawn from my account until Monday. If it’s all electronic, why can’t they process it the next day?

Question

why do banks not process your payments on the weekends? For example, if I make a rent payment on Friday, the money isn’t withdrawn from my account until Monday. If it’s all electronic, why can’t they process it the next day?

In: Technology

Answer 1

Well in Hungary we got instant money transfer under 10 million Ft’s 🙂

https://hungarytoday.hu/instant-payment-system-launches-in-hungary/