The biggest problem with the North American banking system is the reliance on the antiquated cheque system. In the EU I can send money to any other EU bank acco

The biggest problem with the North American banking system is the reliance on the antiquated cheque system. In the EU I can send money to any other EU bank account quickly with little or no fee. You can pay bills and send money - and no need for an intermediatary like paypal. The inherently insecure concept of letting others pull money out of your account don't exist. Pushing money also reduces the whole range of service fees relating to bounced cheques and insufficient funds.