Why do banks ....................... - HotUKDeals
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Why do banks .......................

saxo_appeal Avatar
9y, 4m agoPosted 9 years, 4 months ago
close on a saturday afternoon?:? :?
saxo_appeal Avatar
9y, 4m agoPosted 9 years, 4 months ago
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#1
Because they are open 9 till 5 daily and need some time off ? Same goes with the post office suppose they have a life too.
#2
Half day I guess, Traditionally its a Wednesday, But now it seems to be Saturday!
#3
saxo_appeal
close on a saturday afternoon?:? :?


they only started opening on saturdays at all in the last five years or so
[mod]#4
Quite a few of the banks open all day Saturday here........but it's usually staffing levels plus the financial markets are closed on weekends.
#5
Syzable
Quite a few of the banks open all day Saturday here........but it's usually staffing levels plus the financial markets are closed on weekends.


yeah and it still dosen't count as a working day for things like clearing cheques
#6
I would of thought a Saturday would of been a banks busiest time
#7
Too **** everybody off?
#8
Lulu'sMammy
Because they are open 9 till 5 daily and need some time off ? Same goes with the post office suppose they have a life too.


But, I work in retail, and our shop has to open 7 days a week, including Bank Holidays!

We are only closed on Christmas Day and Easter Sunday!!
#9
is it because people who work there are bankers??? I'm here all weekend :giggle:
#10
I have an account with Lloyds TSB and Halifax

Halifax is open no later then 12pm

Whereas i think my lloyds tsb [nearest] is open till 4.
#11
I work for a bank - we're open 24 hours day 365 days a year and work whenever. Branches close not banks - we still have to be there all the time and bugs that the Branches don't.
#12
I believe my bank (Abbey) is open 10am - 5pm on a Saturday, so I guess it probably depends on who you're with, and where it is, as to what hours the branches are open.
#13
Isnt the Abbey a buildings society and not a "Branch" type bank type place lol
#14
Lulu'sMammy
Because they are open 9 till 5 daily and need some time off ? Same goes with the post office suppose they have a life too.


That is rubbish. Most shops now are open 7 days a week. The fact that banks close on Saturdays bugs me too. They can get away with it, thats why they do it.
#15
Yeh i think branches should be open on a sat all thru the day...why do they get special privileges?

Even through the week either the bank of scotland or the Royal bank are never...and i mean...never open at the time they are meant to in the morning.
#16
Please do enlighten me why its rubbish...i think you will it is fact!
#17
Ian182
That is rubbish. Most shops now are open 7 days a week. The fact that banks close on Saturdays bugs me too. They can get away with it, thats why they do it.


Extactly, as I said I work in retail and our shop is open 7 days a week.
[mod]#18
But shops have more competition for profits and therefore feel the need to open 7 days a week whereas a Bank makes profit regardless and can still stick to old fashioned opening hours.

Plus with internet banking etc.. they are much busier in the week than they are at weekends because they're core base of regular users are business.
#19
saxo_appeal
Isnt the Abbey a buildings society and not a "Branch" type bank type place lol

Nope, it's a "Branch type bank type place" :p
1 Like #20
Lulu'sMammy
Because they are open 9 till 5 daily and need some time off ? Same goes with the post office suppose they have a life too.


Lulu'sMammy
Please do enlighten me why its rubbish...i think you will it is fact!


What exactly is fact? I said your post was rubbish because you say that the reason why banks close at weekend is to give their staff a life. There are plenty of people who require Saturday jobs or who would like to do some overtime. Shops manage it quite easily, as do the hundreds of other professions that require weekend work. Why are banks and post offices the excpetion? It doesnt make sense.

Fact.

Syzable
But shops have more competition for profits and therefore feel the need to open 7 days a week whereas a Bank makes profit regardless and can still stick to old fashioned opening hours.

Plus with internet banking etc.. they are much busier in the week than they are at weekends because they're core base of regular users are business.


Sorry, but to say banks dont have much competiton is rubbish also. If they had little competition, why would they spend millions on adverts and sponsor things like the premier league for £20m a season?! If there was little competition, you would get hundreds of new banks entering the market. There are very very few industries where there is little or no competition.

Also, if you go into pretty much any town centre bank on a Saturday morning, you will find it is much busier than normal. I know 3 people who work in 3 different banks and saturday morning is their busiest time of the week. There are queues out the door on saturday morning at my bank.
[mod]#21
I didn't say they didn't have much competition. Just less than your high street shops where the profit margins are much slimmer. All the banks make huge profits and therefore aren't as concerned as say your Woolworth's etc.

Banks here are open Saturdays and are never that busy but if you go in during the week especially at a lunch time they are heaving with people.

Also it's not as easy for a bank to employ Saturday staff like shops due to security reasons. Shops don't necesarily open at weekends because they have to, it's more to do with greed and the fact they make more a lot more money..............this isn't the case for banks and post offices so therefore they don't, especially with banks as only Monday-Friday's count towards a financial week and weekends is dead time to them.
#22
Ian182
That is rubbish. Most shops now are open 7 days a week. The fact that banks close on Saturdays bugs me too. They can get away with it, thats why they do it.


It seems like normal office hours to me, would you compare every office job to a supermarket? Just because it's open to the public like a shop doesn't mean it need be open 24/7

Telephone banking Open 24/7

Online banking Open 24/7

Cheque deposit via hole in the wall envelopes Open 24/7
#23
saxo_appeal
Isnt the Abbey a buildings society and not a "Branch" type bank type place lol



No it has been a Bank for years, it now belongs to Banco Santander, a Spanish Bank.
#24
A long while ago banks were notorious for long working days & little time off, so an Act of Parliament was passed to ensure that workers got a minimum number of days off each year -hence 'Bank Holidays'.

When branches shut the staff still have at least another hour (if not more) of work to do, finalising the day's transactions, balancing the cash/cheques paid in & out etc, so it's not a case of finishing early every day.

Traditionally the focus of banks was on businesses, hence them being open during normal business hours. As business hours in the UK shifted so that more & more businesses opened on the weekends some banks introduced Saturday opening - however, because this required a change in staff terms of service, the staff were asked to work, so branches could only open if enough staff volunteered to work on a Saturday. I'm not sure how this works now, as I stopped working in a bank MANY years ago:giggle:

But as with all businesses, everything is driven by profit, so a bank will only open if it will result in a profit (the days of 'customer service' are long gone - 'customer service' now means "customer service, but only if it benefits us & doesn't cost us anything") - maybe if more people kept going in to their branches & asking for the branch to open on a Saturday or to stay open for longer something might happen (in my old branch the customer service counter was removed & customers told to go to another branch for queries - many refused to do so (especially as they had to pay to use the car park!), so after a few weeks of trying to fend off irate customers the staff allowed customers to use the branch's phone to call the other branch. After trying to cope with the massive queues of people waiting to use the phone the branch gave in & reintroduced the customer service counter. So action does sometimes work:thumbsup: ).

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