[lenerdenator]

I should specify, "fresh within the definition used by bankers", which means anything that happens over the weekend could post when business opens on Monday.

It really is amazing how we retain the bankers holidays and business hours from the pre-computer era. People constantly use money these days and if you want to deal with a real human being or get data posted in a reasonable amount of time, we still act like it's 1950.

[forgotmyinfo]

That's because lots of banking is still fairly manual, and clearing takes 2-3 days in the United States. FedNow should help, but ACH still reigns, and transactions still take time. Ask Congress and the banks why things are still so slow.

[lenerdenator]

Wasn't Check21 supposed to alleviate some of that?

Or, at least, that was "the new thing" when I worked as a bank teller for a summer job 15 years ago. I vaguely remember it being promised as a way to make transactions faster.