Don’t Withdraw From Your Savings Account on This Day of the Week
Don’t Withdraw From Your Savings Account on This Day of the Week
Cindy Lamothe Thu, July 17, 2025 GOBankingRates
We all have our quirks — some of us avoid checking our bank balance after a weekend splurge, others swear by budgeting apps and color-coded spreadsheets.
But did you know what day you tap into your savings could actually matter?
It might sound a little superstitious, but there’s some logic behind it. Before you hit “transfer” on your savings account, here’s why you might want to pause — especially on the particular day of the week below.
Monday Is the Worst Day To Pull Money From Your Savings Account
Monday is frequently the worst day to pull money from your savings account for a number of important reasons, according to Rami Sneineh, vice president of Insurance Navy.
For one, he said banks usually catch up with transactions from the previous weekend on Monday, which can cause discrepancies in your account balance.
“If you are taking a withdrawal early Monday morning, the movement could settle before your weekend transactions have a chance to properly update,” he added.
That means you could end up spending more than you actually have in the bank, which could lead to overdaft fees and your payment could be declined if the funds have not been taken yet.
Most People Are Paid on Fridays — Creating Downturn in Funds
In addition to the above, Sneineh said numerous individuals are paid on Fridays, which can create a natural downturn in funds by the time Monday comes around.
TO READ MORE: https://www.yahoo.com/lifestyle/articles/don-t-withdraw-savings-account-150216996.html