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> Not to mention how it's annoying that wire transfers always take two business days and are not proceeded during week-end (... why?). Even though institution-
by fixermark 11y ago
> Not to mention how it's annoying that wire transfers always take two business days and are not proceeded during week-end (... why?).
Even though institution-to-institution exchange is done by computer now, the laws are still in effect as if it were done by humans who---working in the banking industry---get weekends off.
http://www.npr.org/sections/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy http://www.npr.org/sections/money/2013/10/04/229224964/episo...
- oelmekki 11y agoOh, I see. We've been wondering about that with a friend for a while, without finding the answer anywhere. We assumed it was to allow people to react in case of fraud, being less active on week-end. Thanks for sharing!