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I never imagined that an account without the ability to wire funds internationally even existed. I have family oversees, I have friends oversees, I have bank a
by adrianratnapala 10y ago
I never imagined that an account without the ability to wire funds internationally even existed.
I have family oversees, I have friends oversees, I have bank accounts in three countries.
- slv77 10y agoOf course is should be an option but from a risk management perspective it makes sense to reduce the attack surface that a fraudster has to work with. In the US at least a typical customer will never initiate an international wire transfer. Even those with friends and family overseas will typically transfer funds through a money transfer service or via ATM networks to avoid the associated high fees. When a US customer walks into a bank asking to initiate a wire transfer its usually a red flag they are a victim of fraud.