Is Saturday A Business Day (Overview: All You Need To Know)

Is Saturday a business day?

What days of the week are business days?

What are the important elements that you must know!

Keep reading as we have gathered exactly the information that you need!

Let’s dig into our business knowledge!

Are you ready?

Let’s get started!

Is Saturday considered a business day

A business day is typically a day other than Saturday, Sunday or a legal holiday.

In most countries around the world, Saturday is not a day where official business is conducted.

This disqualifies Saturday as a business day.

Typically, in most countries, official business days start from Monday through Friday except for weekends and legal holidays.

Official business operations normally start on Mondays at 9:00 a.m. and end on Fridays at 5:00 p.m.

The reason why Saturday is not considered a business day is due to the influence of the banking sector on the economy.

For instance, in the United States, the Federal Reserve is closed on Saturday.

For this reason, the banks are unable to perform any transaction or operations with the Federal Reserve. 

This impacts the bank’s ability to perform transactions throughout its entire system.

Considering the banks cannot perform their highest level transactions with the Federal Reserve on Saturdays, we consider that day to be a non-business day.

Is Saturday a business day for banks

Let’s discuss the banking business days.

Is Saturday considered a business day for banks?

What is the difference between a business day vs banking day?

In short, for most banks, Saturdays are not considered a business day.

In the United States, for instance, the banks are unable to perform important transactions with the Federal Reserve as they are closed on Saturday.

Although the banks may have branches open and serve clients on Saturdays, a Saturday is not a true “business” day as major business operations and transactions cannot be conducted.

Many banks conduct business on Saturdays but are unable to process transactions such as clear check deposits or perform financial operations until the following Monday.

For that reason, a Saturday is not a business day for banks.

Are weekends business days

We’ve talked about Saturdays not being a business day, but what about weekends?

Do weekends count as business days?

The same points that we’ve presented for Saturdays apply for weekends in general.

The concept of “business day” is closely linked to the banking sector.

On weekends, since banks are unable to process any transaction with the Federal Reserve, they are unable to process transactions for their clients either.

When banks can’t operate, then businesses can’t operate (said loosely).

As such, although banks and businesses do operate on weekends and are open for business, it does not make the weekend an official business day.

Business day vs working day 

What is the difference between a business day and a working day?

A business day is a day where businesses, banks, governments and all major institutions are open for business.

On a business day, all major economic activities in a country or an economy are conducted.

A working day, on the other hand, is a day where work is done.

However, a working day does not necessarily mean that the day the work is done is a business day.

A Saturday can be a working day but it may not be considered as an official business day.

Individuals working on legal holidays are going through a potentially normal workday but the day is not a business day.

In a nutshell, a business day is necessarily a working day but a working day is not necessarily a business day.

Examples

Federal Reserve

To illustrate the point that Saturdays are not business days, it’s interesting to see what The Federal Reserve Board has published on its website as examples of how transactions are processed.

The examples provide an illustration of the fund availability rule for depositing and withdrawals by checks.

Is Saturday a business day - Federal Reserve fund availability rule

Citizens Bank

Here is Citizens’ position on their Saturday operations:

Is Saturday a business day - Citizens

New Balance 

Here is New Balance’s position on what is considered a business day:

Takeaways 

Does Saturday count as a business day?

Are Saturdays business days?

Let’s look at a summary of our findings.

Is Saturday a business day:

  • Saturdays are not business days
  • The notion of business day is closely linked to the banking sector
  • Banks are not able to process transactions with the Federal Reserve on Saturdays
  • As a result, banks are unable to conduct “business” with their clients 
  • This makes a Saturday a working day but not a business day 

/BLOCKQUOTE

Is Friday a business day
Is Sunday a business day 
Is Monday a business day 
How many working days in a year 
What are business days 
Is Saturday a business day for Bank of America
Is Saturday a business day for USPS
Is Saturday a business day for UPS
Is Saturday a business day for Chase
Is Saturday a business day for Amazon
Is Saturday a business day for FedEx
Author
Bank days 
Business days
International transaction 
Public holidays 
Financial transactions 
Non-business day 
Types of businesses 
Leads to business
Author