What Time Is Next Business Day for Banks?


The financial sector, or the banking sector specifically, is crammed with several technical terms. As a credit or debit cardholder or even a bank account owner, you must be familiar with these terms. Failure to know these terms would make you panic when you are supposed to relax and sip a coffee cup. What are these terms? You may ask. Of the many I know, we’ll be taking a look at one of the most common; the next business day. So, in that light, we’ll be looking at what the “next business day” is in the banking context.

Usually, “the next business day” means within 24 hours. However, if the day is a Friday, then the next business day will be the proceeding Monday as Saturdays and Sundays are weekends, and as you already know, most banks don’t operate on weekends.

If you are a newbie, that is, one who recently opened a bank account or started using a debit or a credit card, there are a lot of terms you may not be familiar with. Funny enough, some of these terms aren’t taught in school, so it’s left for you to do your research. For instance, if you visited a bank for something and were told to report back in the next business day, would you understand the message? What time is the next business day for banks? If you stick around longer, you will definitely find out!

What Time Do Refunds Go Into Bank?

What Time Is Next Business Day for Banks?

Several years ago, when industrialization was nowhere to be found, and financial intuitions like banks were still a figment of one’s imagination, people kept their money with trusted individuals in the communities. Those who had trust issues preferred to store their money and other valuables in their homes, buried in walls or the earth of their abode.

The introduction of the banking system or, put differently, the emergence of the banking industry made things easier for people. Not only could people store their money and other valuables in a bank, but they could also receive interest on the money stored, including other benefits like loans, etc.

The advent of the banking industry set the pace for several developments. Credit and debit cards were introduced, online shopping, ATMs, etc. All these were to ensure that transactions took place without any hindrance.

Wait a minute? Is this article about the emergence of the banking industry or something related? Hell no! With a little patience, we would arrive at our envisioned destination.

Have You Ever Been Told to Return the Next Business Day?

Due to the high-end technology that our world is blessed with, we usually expect things to be very easy. We expect transactions to post with the speed of light. We expect those complaints we lodge to be handled within minutes. We don’t expect things like pending payments or situations where our money is stuck in limbo. In addition, we don’t like it when we visit a bank, and we are told to return the next business day. But they happen anyway.

Some of us get pissed when we visit the bank for an urgent reason, and we are told to return the next business day. Most of us don’t get pissed as we understand that some things take time. Also, I think some categories of people aren’t sure of what the phrase “next business day” means. If you are in that category, there is no need to be ashamed. I understand that such a phrase can be hard to decipher, especially as a newbie.

So, if your bank tells you to return the next business day, you are directly being told to return within 24 hours. But, if you visit your bank ( on a Friday) or call your bank representative regarding an issue, and you were told to report to your bank the next business day, don’t make the mistake of going to your bank the following day ( a Saturday). In that case, you are directly being told to report to your bank on Monday as Saturdays and Sundays aren’t working or business days.

However, if Monday is a public holiday, you will have to skip the day and report to your bank the next day, which is a Tuesday. It is that simple!

Let’s take a look at what a business day is for further clarification.

What Is a Business Day?

A business day is a very common phrase used in the banking industry. This two-word phrase is used to refer to any day in which normal business activities are conducted. In western countries, a business day is regarded as Mondays to Fridays from 9 AM to 5 PM local time and excludes weekends (Saturdays and Sundays), including public holidays. In the securities industry, a business day is regarded as any day when the financial markets are open for trading activities.

If you have an urgent issue to report or you wish to deposit a check, rather than visit your bank on a Friday, consider going on a Monday or a Tuesday so you could return the following day or the next when asked to come back the next business day in or two business days.

What Time Do Automatic Payments Go Through?

What Time Do Banks Update Deposits?

Most employers usually pay their employees via direct deposit. This payment method is efficient, fast, and capable of catering to the large employees of a firm. As an employer, there is a huge possibility that you are being paid via direct deposit. If that is the case, I believe you may be eager to know certain things regarding the time your salary will hit your account. One way to find out is by determining the time banks update deposits.

Deposits and other Automatic Clearing House deposits will post by 9 AM Eastern time, Mondays through Fridays, as banks update customers’ accounts at midnight. ACH components do not post on weekends (Saturdays or Sundays) or holidays.

The time banks update deposits vary for each bank. For instance, Chase Bank direct deposits are posted between 3 AM to 5 AM. Yours could be slightly different, so ensure you contact your bank to find out.

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