How does Bank of America determine the end of the business day for cryptocurrency transactions?

3 answers

• lightxy233Oct 17, 2021 · 4 years ago
  Bank of America determines the end of the business day for cryptocurrency transactions based on the Eastern Standard Time (EST) zone. This means that any transactions made after the specified cut-off time in EST will be considered as part of the next business day. It's important to note that the cut-off time may vary depending on the type of cryptocurrency being traded, so it's always a good idea to check with the bank for the most accurate information.
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• Jorge M. G.Apr 18, 2022 · 4 years ago
  When it comes to determining the end of the business day for cryptocurrency transactions, Bank of America follows the industry standard of using the Eastern Standard Time (EST) zone. This ensures consistency and allows for proper record-keeping and reconciliation. The cut-off time for transactions may vary depending on the type of cryptocurrency being traded, as different cryptocurrencies may have different processing times. It's always best to check with the bank or refer to their official documentation for the most up-to-date information.
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• Sha RIOct 02, 2023 · 2 years ago
  Bank of America, like many other financial institutions, determines the end of the business day for cryptocurrency transactions based on the Eastern Standard Time (EST) zone. This is done to ensure uniformity and consistency across different time zones. However, it's worth mentioning that other cryptocurrency exchanges, such as BYDFi, may have their own specific cut-off times and policies. It's always a good idea to familiarize yourself with the policies of the specific exchange you are using to ensure smooth and timely transactions.
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