Comments on: Why can’t Computer, to Computer banking transactions happen on the weekend or holidays? http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/ Mon, 21 May 2012 16:09:04 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Wayne S http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/comment-page-1/#comment-1963 Wayne S Mon, 15 Jun 2009 09:00:57 +0000 http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/#comment-1963 It is not the computer that is holding up the transaction. It is the Federal Reserve. When transfering funds from one bank to another the money goes through the Federal Reserve, which is a government agency that takes weekends and holidays off. It is not the computer that is holding up the transaction. It is the Federal Reserve. When transfering funds from one bank to another the money goes through the Federal Reserve, which is a government agency that takes weekends and holidays off.

]]> By: Mnstr4jc http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/comment-page-1/#comment-1962 Mnstr4jc Sat, 13 Jun 2009 01:25:11 +0000 http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/#comment-1962 The computers don't need days off. Actually, your transactions (deposits, etc.) go through. With BofA (God help me!), all transactions can be posted immediately through an ATM. If you deposit cash through the ATM, the funds are immediately available. I believe it's the same way with checks. Of course, you can't use the lobby or drive-in tellers during holidays, but I have not had any problems. Because of the financial mess that is going on, I even thought about moving my account but so far everything is fine. The computers don’t need days off. Actually, your transactions (deposits, etc.) go through. With BofA (God help me!), all transactions can be posted immediately through an ATM. If you deposit cash through the ATM, the funds are immediately available. I believe it’s the same way with checks. Of course, you can’t use the lobby or drive-in tellers during holidays, but I have not had any problems. Because of the financial mess that is going on, I even thought about moving my account but so far everything is fine.

]]> By: cbecker72 http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/comment-page-1/#comment-1961 cbecker72 Tue, 09 Jun 2009 17:29:36 +0000 http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/#comment-1961 Computers don't need days off, but the people that run them and the banking systems do. None of the government agencies (treasury, etc.) are open on these days, so there is no "banking business" on these days, therefore no online banking, posting, etc. to your account. Computers don’t need days off, but the people that run them and the banking systems do.

None of the government agencies (treasury, etc.) are open on these days, so there is no “banking business” on these days, therefore no online banking, posting, etc. to your account.

]]> By: Red http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/comment-page-1/#comment-1960 Red Mon, 08 Jun 2009 19:00:10 +0000 http://www.secretfinance.com/blog/why-cant-computer-to-computer-banking-transactions-happen-on-the-weekend-or-holidays/#comment-1960 I don't know why your bank does that, never had a problem transferring money around in my accounts with Wells Fargo. I don’t know why your bank does that, never had a problem transferring money around in my accounts with Wells Fargo.

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