Banking Professionals in Action: Understanding Banking Days

Understanding the Legal Implications of Banking Days in Financial Transactions

In U.S. financial transactions, “banking days” generally mean Monday through Friday, excluding federal holidays, and they can determine when deposits clear, payments post, or notices are deemed received. These timing rules affect everything from wire transfers and ACH payments to interest calculations and late-fee assessments. This article explains how banking days are defined, where the […]

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