Because banks’ primary customer is not Joe Everyman who works a 9-5. Their primary customers are other companies. Your checking account is barely even a drop in the bucket compared to the billion dollar company that has five hundred accounts set up for their various incomes and expenses.
But the reason there is a local bank branch in your neighborhood isn’t for that one business owner nextdoor to deposit their brief case of cash at 11am
Because banks’ primary customer is not Joe Everyman who works a 9-5. Their primary customers are other companies. Your checking account is barely even a drop in the bucket compared to the billion dollar company that has five hundred accounts set up for their various incomes and expenses.
But the reason there is a local bank branch in your neighborhood isn’t for that one business owner nextdoor to deposit their brief case of cash at 11am