Banks, Solicitors and Paypal to name a few, all make lots of money with myriads of small transactions earning money "overnight" during that few days it seems to take them to move it to the proper account.
Have you not noticed that money paid on completion of a house sale comes out of the buyers account on a Friday, with no possibilty of the vendor receiving it before Monday.
Hopefully things will be different in a couple of years? See click here (article was written in Mid 2005):
"Once this six month period has elapsed the OFT expects the banks to implement quicker money transfers within two years."
The 'Brassed of Britian' programme on BBC about a year ago(?) featured this malaise click here. Banks in some European countries, like Sweden, have already done away with this deplorable practice. Apparently, it takes all of TWO hours to make a similar transaction in Sweden. G