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)
In: Technology
Banks best customers are other businesses, not personal banking. I know you want to go deposit your $100 grandma gave you for your birthday (thanks grandma!) but thats just part of what a bank does overall, though this outwardly appears to be who “the bank” is to many average consumers, but their big business doesn’t happen with you depositing grandma’s gift at the bank branch
They really are open the same time as other businesses, which generally means daytime hours 9-5 type work, as those are the customers they care about serving the most. They don’t really need to spend extra money, time, and such operating long hours. Plus many personal banking tasks can be done online or at ATMs. For their own employees most banking employees, in branches and not, are white collar professionals who expect to work fairly standard 9-5 business hours.
That said, many local bank branches have been increasing hours later and even offering Saturday services, which prior to 2000 would have been pretty unsual
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