Business and Banking Days
open for substantially all its banking activities. Even though a bank may be open for regular business on a Saturday, that day is not considered a banking day for purposes of Regulation CC because Saturday is never a ''business day'' under the regulation.
Business days for banks are typically Monday through Friday from 9 a.m. to 5 p.m., excluding federal holidays. Transactions received outside of these hours are typically posted on the next business day.
A business day refers to any day in which normal business operations are conducted. In Western countries, a business day lasts eight hours and is considered to be Monday through Friday from 9 a.m. to 5 p.m. local time. Business days do not include weekends and public holidays.
Related Definitions
Bank Business Day means a day on which the Trustee is open for business. Bank Business Day means Monday through Friday, excluding Federal holidays.
Business day for banks is typically defined as any day in which they are open and conducting normal business operations. This may vary from bank to bank, but generally speaking, most banks will be open Monday through Friday and closed on weekends and holidays.
A work week is different from a calendar week, as the latter includes all seven days from Sunday to Saturday. Within a work week, weekend days (Saturday and Sunday) will usually be considered non-working days or rest days, however this may depend on your industry and line of work.
A business day has an eight-hour slot, typically from 9 am to 5 pm, and it can be any day except for weekends and public holidays. Whenever someone says one business day, you can consider the next consecutive day from that day, excluding the weekends and public holidays.
The term “business day” means any day other than a Saturday, Sunday, or legal holiday.
Deposits made to a Bank of America account on a day that is not a business day (Saturdays, Sundays, and holidays) or after cutoff time on a business day will be processed for deposit on the next business day and generally available on the business day following the process date.
In banking, next-day funds are money that becomes available for use on the next business day following the day it is deposited.
As mentioned above, EOD is used to denote that a task should be completed by the end of the business day (typically 5:00 p.m.) in whatever time zone you're working in. COB, however, refers specifically to both the end of a business day and the time in which the New York City financial markets close–5:00 p.m. EST.
Some bank transfers, like Faster Payments, will go through on Saturdays. Other methods like Bacs and CHAPS do not process on weekends and will wait until the next business day.
A detailed explanation can be found in section 229.12 of Regulation CC. But remember, the Expedited Funds Availability Act requires the first $225 of a deposit that is not already subject to next-day availability to be made available by the first business day following the day of deposit.
Saturday and Sunday: Weekend deposits (including ATM deposits) are processed on the next day's business as Saturdays and Sundays are considered part of Mondays business. For example, when the deposit is made on Saturday, the remainder becomes available on Tuesday.
If we receive your deposits after 11 p.m. Eastern Time, you'll immediately be able to see the transaction in your account, but we'll process it the next business day. A business day is every day except Saturday, Sunday and federal and state holidays.
Transactions received on Saturdays or days the bank is closed will be processed the following business day. A business day is every day except Saturdays, Sundays and federal holidays.
"Business day" means any day that is not a Saturday, Sunday, or holiday as specified in Sections 6700 and 6701 of the Government Code.
The most common contractual definition of a “business day” is Monday through Friday, excluding holidays.
Standard business days and hours
Standard business days are weekdays, other than a Federal Reserve holiday listed on FRBservices.org, in which the Federal Reserve Banks are open during core operating hours (typically 8:30 a.m. to 5 p.m. ET).
FedEx, UPS ground, and express are open Monday to Friday. Saturday is only considered a business day when priority Saturday service is chosen. Otherwise, Saturday is not counted when calculating business days. USPS typically delivers shipments Monday to Saturday, so Saturday can be considered as a business day.
Saturday Banking Is Often Processed on Monday
Nevertheless, your bank will be able to accept your deposit on a Saturday, and you can also withdraw available funds from the branch outside of traditional banking hours.
However, there are some subtle differences between the two terms. Working days are the days of the week when most people are expected to work. Business days, on the other hand, are the days of the week when most businesses are open and conducting transactions.
Yes, Saturday is a normal business day for USPS. Unlike on Sunday, a handful of USPS shipping services allow for Saturday delivery.