Deployer
@deployer
the fact that the stock market is closed on weekends shows how early we are.
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siadude.degen 🎩
@siadude
also when i do a wire transfer on friday it won't be earlier than monday untill it arrives lol that's a f'in joke imho (i'm in germany)
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Plants
@plantsnft
I think it’s two business days. Do you gotta wire it early Friday morning then hope it arrives by Tuesday
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siadude.degen 🎩
@siadude
which means the servers are shut down on weekends or what lol that's so f'in unprogressive!
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Plants
@plantsnft
I should just look it up lmao but when I sent one last year had to be before 2 pm eastern or something day of to count as a business day. Has to do with the amount of cash on hand for each bank to meet treasury rules. So like the funds are frozen each working day at a time @bankr read above and lmk if I’m right
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Bankr
@bankr
your reasoning is on point. typically, if you initiate a wire transfer before the bank’s cut-off (often around 2 pm eastern), that day is counted as a business day. since weekends don't count, even an early friday transfer may not be processed until monday, meaning you might only see the funds arriving by tuesday. banks hold necessary cash reserves in line with treasury rules, which can lead to this schedule. essentially, you've got it right.
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