Your money stories

@Quentin818 again, read Reg CC and what I posted earlier.  

please read Page 2: 

https://www.federalreserve.gov/boarddocs/supmanual/cch/efaa.pdf

"Business and Banking Days
• A business day is any day except Saturday, Sunday, and a legal holiday (standard Federal
Reserve holiday schedule). 

• A banking day is a business day on which a bank is 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. The fact that one branch is open to the public for substantially all its banking activities
does not necessarily mean that that day is a banking day for the other branches of the bank. "

So Banks can only transact at the Fed on Business Days, which are Monday - Friday except for Federal Holidays. 

So while the Bank may take your deposit (and that could be cash, checks, intra banks transfers, ATM deposits, Zelle transaction etc.), they are REQUIRED by Reg CC to credit your account as soon as the 2nd business day after receipt of the money instrument.  If they post the credit to you account EARLIER than that, they are within the prescribed regulations - if they post  LATER than that, they violate the regulation. 

example: 

I walk into a Bank branch and deposit a check on Monday  (the first "business day"), the Bank has to make the money available AS EARLY AS TUESDAY (and I am over simpliying this because there are rules about out of area checks, etc.). 

I walk into a Bank and depsoit a check on a Satuday.  All Saturday transactions are part of Monday's Business activity (as Saturday is not a Business Day - the Fed is not open), so again, the Bank has to make the money available AS EARLY AS TUESDAY  (and I am over simpliying this because there are rules about out of area checks, etc.). 

In both examples, if the Bank makes the money available prior to Tuesday, it is exceeding the regulatory requirement and is in compliance with Reg CC. 

Also, 6 p.m. is after the "business day" cutoff since the Fed is closed.  So if you deposit a check at 6 p.m. on a Monday, that deposit is technically accepted as part of Tuesday's business day and the Bank doesn't have to give you credit until Wednesday at the earlist.  That is how Reg CC works.  Again in today's electronic enviornment, banks tend to far exceed those cutoff requirements. For example, a depsoit at a Bank of America ATM prior to 8 p.m. will be credited that same business day and an internal bank transfer (and I think this includes check deposits using your smartphone and the Banks phone app)) at Bank of America will be credited the same day as received as long as the transaction occurs up to 10:45 p.m.  That is far beyond what Reg CC requires.

"back in the day" (over 20 years ago), meeting Reg CC was rather challenging when everything was paper.  You presented your deposit to the cashier.  Banks tended to end the business day around noon time to give themselves more time to run all the checks from their brances to their central processing area for posting to indiviudal accounts.  Then all the checks, other than those written on the bank where they were deposited.  had to be physically transported to the Federal Reserve branch where local checks were traded back and forth..  Out of town checks were then transported by the Fed to the city where the check originated.  It took DAYS to settle a check.  Now it is all basically electronic and occurs the same day as the deposit.  Much easier to meet all the Reg CC deadlines. 

What is your real issue? I sense you are 'cranky' about something.