why we still have “banking hours”

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Want to pay your bill Friday night? Too bad, the transaction will go through Monday morning.
In 2024, why, its not like someone manually moves money.

EDIT: I am not talking about BRANCH working hours, I am talking about time it takes for transactions to go through.

EDIT 2:
I am NOT talking about send money to friends type of transactions. I’m talking about example: our company once fcked up payroll (due Friday) and they said: either the transaction will go through Saturday morning our you will have to wait till Monday. Idk if it has to do something with direct debit or smth else. (No it was not because accountant was not working weekend)

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25 Answers

Anonymous 0 Comments

This was extremely annoying back in the early 2000s when I was barely keeping my head above water financially.

My paycheck would show in my account on Friday and then I’d buy groceries and pay some bills that night. Come Monday, it would show my account as having a few bucks in it, then every transaction I made over the weekend (with a $35 NSF charge) and *then* the last transaction to come through would be my direct deposit paycheck . Which would barely (and sometimes it wouldn’t) get my account positive again.

That was Wells Fargo. I fkn hated them.

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