0400 is 4AM, not 4PM, and has nothing to do with banking hours. 4am is the cut off time between “days” for TFL (London Transit) services - if you buy a ‘day tr

0400 is 4AM, not 4PM, and has nothing to do with banking hours. 4am is the cut off time between “days” for TFL (London Transit) services - if you buy a ‘day travelcard’ it is good until 4am the following day. It is guaranteed that if you make several transactions in the same day on TFL (by swiping in/out with a contactless card - or an Oyster card - at the ticket gates), the amount paid will be capped at the value of a day travelcard. I’m quite sure no employee is involved in any of this, and computers handle it end-to-end. Banking in the UK is actually quite reasonable - largely because companies like Monzo have pushed it forward. It’s a constant surprise to me quite how _bad_ banking in the US is in comparison though - and most of your points seem to reflect how US banking works rather than UK banking - as indicated both by the spelling of “cheque” and the notion of using them in the first place.