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And it's quick. I can send money between two different UK bank accounts, using sort code and account number, and it appears in the recipient's account within ab
by phillc73 10y ago
And it's quick. I can send money between two different UK bank accounts, using sort code and account number, and it appears in the recipient's account within about half an hour.
In Europe (Germany and Austria from my experience), many online services specifically support bank transfers using an IBAN number. It does seem to take a little longer though for the money to process.
- geomark 10y agoI live in a developing country (some call it third world) and we've had this capability for many years. I can pay from my computer, mobile, or at an ATM. How is the US so far behind the rest of the developed and developing world?
- celticninja 10y agoThey only just got chip and pin cards, while everyone else is moving to contactless payments.
- vidarh 10y agoA lot of US banks have actually opted for chip and signature instead of chip and pin...
- celticninja 10y agoWhich is almost pointless, I never had a signature checked against a card when they were widely used here. A PIN is always checked.
- lentil_soup 10y agoGermany is pretty bad in banks to be honest. Transfers can take a whole day even between my own accounts and no way of seeing any movements during the weekend, incredibly old school.