Why (even local) bank transfers cannot be processed on weekends?

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Digital age, technology super advancements, rocket ships, artificial intelligence, self driving electric cars. Automated everything but local bank transfers can only be processed on bank working days, why?

I understand if it’s a big amount or overseas transfer remittance etc. Why even small amounts local bank transfers take the weekends off. Shouldn’t it be automated by now.

In: Technology

7 Answers

Anonymous 0 Comments

In Brazil we have three ways to transfer money between accounts, which one of them works every time you want, transfer in seconds and allow you to tie your email, phone, legal document or a random key to a bank account so you don’t need to send your bank information. Really awesome.

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