3 ms·
It highly depends on your choice of a bank I have regular citibank account and can send wire transfers online I also have a small credit union account and again
by qaq 10y ago
It highly depends on your choice of a bank I have regular citibank account and can send wire transfers online I also have a small credit union account and again can send wire transfers online. So you are trying to generalize personal experience to imply some universal limitations.
- mschuetz 10y agoHad Wells Fargo which seems to be one of the biggest banks. And not just that, I've also got the stuff about online transfers confirmed by locals who also told me that the only exception that you can count on is when sender and recipient are at the same bank.
- Veratyr 10y agoThe US does have wire transfers but they nearly always cost $15-$20 from what I've seen, which is silly. Aside from that all you have is ACH, which is what's being complained about. Most of the developed world has essentially free wire transfers.
- qaq 10y agoTo be honest doesn't really matter much how banks structure their fees. It's just a way for them to spread the ops costs.
- mschuetz 10y agoBanks in europa do just fine without charging for wire transfer, within europa at least, and I still don't have to pay anything for my bank account. Except for a small fee for the credit card.