Why dont banks process things on Saturdays/Sundays?

*Kat*

I mean, it's almost 2014...everywhere else is still open!!!

grumbler

What exactly they don't process?
I think FPs are usually instant even at weekends.

*Kat*

Cheques? ...

opinions4u

*Kat* wrote: »

Cheques? ...

Why would they process 19th century pieces of paper using 21st century technology?

Do you think a horse and cart should enter the next F1 Grand Prix?

nidO

grumbler wrote: »

I think FPs are usually instant even at weekends.

It's a good example of the anachronisms built into the system though. FP's are instant(ish, usually) at weekends but will still have their statement date as the next working day rather than when the transaction actually happened and will be considered "uncleared" funds until the next weekday.
Similarly, direct debits/standing orders don't happen at weekends, they just run on the nearest working day to the date they should have gone.

innovate

Nothing wrong with a bit of downtime now and then. It's actually quite good for people.

Wyndham

innovate wrote: »

Nothing wrong with a bit of downtime now and then. It's actually quite good for people.

yes, but surely automated systems don't need the downtime? I don't understand why direct debits and standing orders don't 'go' on a weekend.

Hominu

*Kat* wrote: »

Cheques? ...

You said yourself it's almost 2014, and you are still using cheques like this one ?

agrinnall

*Kat* wrote: »

I mean, it's almost 2014...everywhere else is still open!!!

It's simple: you, as a representative of bank customers everywhere, don't want to pay for the huge development cost that would be needed to process everything 24x7x365. Or at least, the banks think you don't want to pay for it. Are they wrong?

Mozette

Does it matter?

Archi_Bald

Wyndham wrote: »

yes, but surely automated systems don't need the downtime?

If you were working in IT, you would understand why downtime is sometimes unavoidable, or the most economic option.