Banking days are important because they determine when transactions like wire transfers, check deposits, and loan payments are processed. If a transaction is initiated on a non-banking day, such as a weekend or holiday, it will typically be processed on the next available banking day.
Is Saturday Considered a Banking Day?
In most cases, Saturday is not considered a banking day—even if a branch is open to the public.
Many back-office functions and transaction processing systems are not operational over the weekend. As a result, transactions initiated on Saturdays are usually processed on the following Monday (or next business day if Monday is a holiday).
What's important here?
A banking day is any weekday that banks are officially open and conducting business. It’s essential for understanding when transactions will be processed.
While some banks may have limited Saturday hours for customer service, Saturday is generally not treated as a banking day for transaction processing purposes.
