I’ve been complaining about banks for YEARS now! I can understand in the 60s why your bank account wasn’t up to the minute accurate.
I have a debit card. I have money in the bank. Why is a $3.19 slim jim transaction pending for a week??? I tap my chip, I type my pin, transaction goes through…my bank should instantly deduct those funds, and there should never be a “pending” status. It’s all digital! What the god damn fuck?
Because of ancient COBOL code from the 3 major banks that nearly all transactions pass through at some point. Oh and they can’t rewrite them because money “CaNt FiX WhAT isNT BrOKe”
By ancient, I hope you mean from like the 50s/60s when computers first started becoming a thing, and not like…the 90s. If the 90s is ancient, I’m just going to have to cry.
I assume the store didn’t close their batches meaning the banks can’t process it so it sits on pending until it either drops off, or the batch is closed.
I guess it depends on your bank and location in the world. Where I am you can transfer that, for free, and it is on the receiver’s account in less than 5s or so.
Banks
I’ve been complaining about banks for YEARS now! I can understand in the 60s why your bank account wasn’t up to the minute accurate.
I have a debit card. I have money in the bank. Why is a $3.19 slim jim transaction pending for a week??? I tap my chip, I type my pin, transaction goes through…my bank should instantly deduct those funds, and there should never be a “pending” status. It’s all digital! What the god damn fuck?
Because of ancient COBOL code from the 3 major banks that nearly all transactions pass through at some point. Oh and they can’t rewrite them because
money“CaNt FiX WhAT isNT BrOKe”By ancient, I hope you mean from like the 50s/60s when computers first started becoming a thing, and not like…the 90s. If the 90s is ancient, I’m just going to have to cry.
COBOL was developed in the late 50s
To be fair I absolutely do not trust modern programmers with anything close to that important.
Unless they’re using rust.
The code may be old but it isn’t necessarily slow.
I assume the store didn’t close their batches meaning the banks can’t process it so it sits on pending until it either drops off, or the batch is closed.
I guess it depends on your bank and location in the world. Where I am you can transfer that, for free, and it is on the receiver’s account in less than 5s or so.