I've written about this before, The American Banking System is still in the 1990s: http://penguindreams.org/blog/the-american-banking-system-is-still-in-the-19

I've written about this before, The American Banking System is still in the 1990s: http://penguindreams.org/blog/the-american-banking-system-is-still-in-the-1990s/ http://penguindreams.org/blog/the-american-banking-system-is... As you've mentioned in Germany you have TAN numbers, in Australia and New Zealand you can send money to any person with their name and account number, free of any fee or charge. With companies like Paypal, Venmo and Square profiting so much from that gap, I doubt we'll ever see the US banking system work as well as those in the rest of the world.