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Why do the banks close at just a hint of a holiday? In this day and age, and besides ATM's and online use,?
banks should be open 24/7. This would certainly put a lot more persons to work also!
First off, Walmart is open 24/7 in many places, and I see many people in and out, in many populated areas shift workers make use of these hours. Banks and others have cash dispensers out everywhere, including all night news stands. Of certainty you would have to be daft to keep a bank open in Dog-Patch for Mammy Yokum and Li'l Abner, but it is feasible within limits elsewhere, where the surveys indicate and would allow for accommodation and profit.
You want to keep arguably the biggest possible target for robbery open 24/7...that is just stupid. I know that wasn't your point, but do you know how many more bank robberies there would be?
While that would put people to work, it would cost the bank more money. Then, they would need to charge you more for their services (whether through fees or low ball interest rates). Additionally, the responsibility of management is to its shareholders; since so few people would bank at night, this would not be a cost effective method of customer service. As such, the shareholders would be upset and replace that management with people who would make the bank more profitable.
The bank isn't a public service, nor are they your friend. They have a business with a profit motive just like every other business. I am not saying that they are evil at all, you just need to understand their goals.
It would be a waste of resources since nobody goes to a bank @ 3AM.by Henry - 1 year ago
Given that the most required services are available online (internet banking, applications etc) or 24/7 (ATM withdrawals), why would they man the banks 24/7 too?
It'd be expensive (running costs, hiring staff etc) and essentially pointless - no-one goes into a bank at 9am, or 2am