4 ms·
Does that mean domestic bank transfers between accounts aren't free in the US? I suppose that would explain why cheques are still in use. I've never paid for a
by distances 11y ago
Does that mean domestic bank transfers between accounts aren't free in the US? I suppose that would explain why cheques are still in use.
I've never paid for a bank transfer within Europe, even when the transfer crosses national borders. I've always just assumed that to be one of the basic ideas of a banking system.
- icebraining 11y agoHere in my Western European country, national transfers done over the Internet are paid, unless both accounts belong to the same bank; they cost around .5€-1€. They're free at the ATM, though; it's clearly a convenience fee, not a cost.
- distances 11y agoInteresting. Perhaps I've just been lucky with my banking choices. For reference, one of my bank accounts is in Germany and the other one in Finland.
- thesimon 11y agoFurther examples: I have a bank account in Germany and UK and neither charge me for bank transfers. I haven't even heard of a bank account that charges for transfers in Germany. This might differ for commercial accounts though.
- icebraining 11y agoWelcome to Portugal, then! Now you know where your money is going ;)