[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vp / vr / w / wg / wsg / wsr / x / y ] [Home]
4chanarchives logo
Despite banks not being open on Sundays, why don't ACH/Transfers
Images are sometimes not shown due to bandwidth/network limitations. Refreshing the page usually helps.

You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 6
Thread images: 1
File: How_does_ACH_Work.jpg (402 KB, 870x700) Image search: [Google]
How_does_ACH_Work.jpg
402 KB, 870x700
Despite banks not being open on Sundays, why don't ACH/Transfers proceed as normal? It's called Automated Clearing House for a reason.

Genuinely curious.
>>
>>1113396
I've always wondered this as well
>>
>>1113396
Because they can get away with it. Niggers hardly keep the buildings opened during normal hours anyways.
>>
likely technological limitations, sure it would be possible but it would just be too expensive. there would need to be a major increase in demand for 7 day processing.

when you're dealing with a system as large as ACH you're going to be working with some of the biggest databases in the world, and those databases are business critical so they can't be neglected.

generally backups and such are done in nightly batch cycles, but all the maintenance and updates happens over the weekend.

source: I work in technology at a large bank
>>
>>1113786
Hiring some IT monkeys to babysit ACH batch processing over the weekend wouldn't be that expensive.

The real reason is that there's no overwhelming demand for it. Markets are closed, businesses are closed, government is closed. If there's no compelling need to spend money on Sundays, there's no compelling need to make deposits effective on Sundays.

If/when culture changes to a seven-day work work, then people will demand that bank transfers credit on Sundays.
>>
>>1113800
>Hiring some IT monkeys to babysit ACH batch processing over the weekend wouldn't be that expensive.
I think you underestimate how cheap banks are. anything more than $0 is expensive.

but yeah that basically what I said. without an increase in demand for 7 day processing there's no reason to do it.
Thread replies: 6
Thread images: 1

banner
banner
[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vp / vr / w / wg / wsg / wsr / x / y] [Home]

All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
If a post contains personal/copyrighted/illegal content you can contact me at [email protected] with that post and thread number and it will be removed as soon as possible.
DMCA Content Takedown via dmca.com
All images are hosted on imgur.com, send takedown notices to them.
This is a 4chan archive - all of the content originated from them. If you need IP information for a Poster - you need to contact them. This website shows only archived content.