Banking day

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Banking day is any day that a bank is open to the public for business. Generally, a banking day will end at 2:00 or 3:00 p.m. local time. Banking business transacted after this time is usually considered to be the next day’s business. Saturdays, Sundays, and federal holidays are usually not considered banking days.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Banking day. Any day that a bank is open to the public for business. Generally, a banking day will end at 2:00 or 3:00 p.m. local time. Banking business transacted after this time is usually considered to be the next day’s business. Saturdays, Sundays, and federal holidays are usually not considered banking days.

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