What aren't bank deposits immediately available?

When I deposit my pension check in my bank account, the funds aren't credited to the account for several days. With modern electronics, you'd think they would be available immediately.

5 Answers

  • 4 months ago
    Favourite answer

    Because banks do batch processing, not individual processing.

    Even with "modern electronics", think of how bogged down the process would be if each transaction was processed individually.

  • 4 months ago

    BS. The account IS credited by close of business the same day. It isn't available for withdraw for a few days case it is returned unpaid.

    FEDERAL LAW mandates my answer is correct.

    Source(s): Annual mandatory training as a bank employee.
  • 4 months ago

    Because they don't know if the check is good, forged, or stolen.

  • Erik
    Lv 7
    4 months ago

    yes, it's super annoying

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  • Robin
    Lv 7
    4 months ago

    if they are paid in cash they are

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