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

They can and are. Maybe not in the country you live in, but you can get an Interac transfer in Canada within seconds of it being sent.

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