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Good luck during bank holidays.

crazygringo 4y ago
I don't know what that means...? Edit in response to comments: thanks, but it's never been a problem. I have multiple credit cards and I can call 24/7 to resolve an issue with one and use another as backup. And then there's also my debit card, Venmo, and PayPal to be able to fall back on. And if the internet is down for days across my whole city then there might be even bigger problems to be worrying about... So just never had a bank holiday as any problem, not even remotely.
- O__________O 4y ago
  Their point is that depending on the type of non-cash transactions that if the banks are closed, internet is down, etc — banks and related methods of transferring funds are on hold or not possible until banks reopen. Recently happened to be in a bank and teller randomly mentioned that they had just updated their systems and if internet goes out they are no longer able to do any transactions, including distribute cash.
- danuker 4y ago
  In my country, there are holidays when bank offices are unavailable. While you typically are still able to use ATMs and pay by card, any glitches you encounter can only be resolved after the banks open again. In the past month I've encountered two such glitches: once the ATM debited my account but did not give me the cash, and another when my card payment errored out repeatedly and I had to pay cash. Having some cash on hand can be prudent under these circumstances. Everything was resolved by next day, however.
- yeputons 4y ago
  Holidays, basically. The branch is closed and nobody really cares if your card cannot be processed for whatever obscure reason. No chat or phone support, obviously, you have to go to your own personal banker, who is on holiday. Happened at least once with a major country-wide bank in EU this year with some of my friends, and I doubt it's either the first or the last occurrence.
  - monocasa 4y ago
    In the states it's typical for credit/debit card support lines to still be open on bank holidays. They want to be able to nip fraud in the bud. Additionally bank holidays typically being heavily commercialized here means that large consumer transactions tend to cluster on them.
  - outworlder 4y ago
    > if your card cannot be processed for whatever obscure reason That's why I carry at least two (physically _and_ in Apple wallet). One Visa, one Mastercard, one is issued by my credit union, the other by a large bank. If both Visa and Mastercard are down and both banks are unreachable then there are bigger issues. Connectivity issues where more common when transactions relied on landlines. It's pretty rare now. I also carry some cash as last ditch backup. Some places may be temporarily not accepting cards.

I don't know what that means...? Edit in response to comments: thanks, but it's never been a problem. I have multiple credit cards and I can call 24/7 to resolve an issue with one and use another as backup. And then there's also my debit card, Venmo, and PayPal to be able to fall back on. And if the internet is down for days across my whole city then there might be even bigger problems to be worrying about... So just never had a bank holiday as any problem, not even remotely.

O__________O 4y ago
Their point is that depending on the type of non-cash transactions that if the banks are closed, internet is down, etc — banks and related methods of transferring funds are on hold or not possible until banks reopen. Recently happened to be in a bank and teller randomly mentioned that they had just updated their systems and if internet goes out they are no longer able to do any transactions, including distribute cash.
danuker 4y ago
In my country, there are holidays when bank offices are unavailable. While you typically are still able to use ATMs and pay by card, any glitches you encounter can only be resolved after the banks open again. In the past month I've encountered two such glitches: once the ATM debited my account but did not give me the cash, and another when my card payment errored out repeatedly and I had to pay cash. Having some cash on hand can be prudent under these circumstances. Everything was resolved by next day, however.
yeputons 4y ago
Holidays, basically. The branch is closed and nobody really cares if your card cannot be processed for whatever obscure reason. No chat or phone support, obviously, you have to go to your own personal banker, who is on holiday. Happened at least once with a major country-wide bank in EU this year with some of my friends, and I doubt it's either the first or the last occurrence.
- monocasa 4y ago
  In the states it's typical for credit/debit card support lines to still be open on bank holidays. They want to be able to nip fraud in the bud. Additionally bank holidays typically being heavily commercialized here means that large consumer transactions tend to cluster on them.
- outworlder 4y ago
  > if your card cannot be processed for whatever obscure reason That's why I carry at least two (physically _and_ in Apple wallet). One Visa, one Mastercard, one is issued by my credit union, the other by a large bank. If both Visa and Mastercard are down and both banks are unreachable then there are bigger issues. Connectivity issues where more common when transactions relied on landlines. It's pretty rare now. I also carry some cash as last ditch backup. Some places may be temporarily not accepting cards.