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Here in Denmark you can transfer any amount under about 20.000 USD instantly to other people with your banking app (amounts over 20.000 USD requires a call to t

Here in Denmark you can transfer any amount under about 20.000 USD instantly to other people with your banking app (amounts over 20.000 USD requires a call to the bank, at least for me, the one time i tried). We also have the mobilepay app wich makes payment, and peer to peer transfers effortless all for free. Checks ars so outdated here, that they where outlawed last year.

BrandoElFollito 9y ago
I live in France, the Country Of The Cheque. This is old - fashioned by all accounts, but in order to get rid of it, you need to have a good infrastructure to fill the void. Make no mistake, this is very much doable but requires planning. I use a chèque to pay something at my children's school or other not so well connected places. Removing chèques (which I would be delighted of) means that they need specific accounts in banks (tagged with a project, a school trip,...), something which is not readily available today.
- martin_bech 9y ago
  You can tag direct account payments with notes. So paying a bill or a school, you attach a note such as “payment for Pierres school trip” or “regarding invoice #1234”. Works pretty damn good here in Denmark.
  - BrandoElFollito 9y ago
    True. I am probably trying to be too careful, it is just our tradition of chèques (which, again, I would like to see vanishing) which I now will be hard to get rid of. We probably have the lowest online banking adoption in the world, people are attached to brick and mortar institutions which bring them nothing (I am fully online and when I ask some friends why they do not switch they do not have any rational reasons, except that they are in the same bank for 15 generations and like to pay the 10₠/month fee)
    - martin_bech 9y ago
      I will acknowledge, that this has also resulted in a large decline in brick and mortar bank branches. Some smaller cities, no longer have any bank, which can be/is a problem for some.

BrandoElFollito 9y ago

I live in France, the Country Of The Cheque. This is old - fashioned by all accounts, but in order to get rid of it, you need to have a good infrastructure to fill the void. Make no mistake, this is very much doable but requires planning. I use a chèque to pay something at my children's school or other not so well connected places. Removing chèques (which I would be delighted of) means that they need specific accounts in banks (tagged with a project, a school trip,...), something which is not readily available today.

martin_bech 9y ago
You can tag direct account payments with notes. So paying a bill or a school, you attach a note such as “payment for Pierres school trip” or “regarding invoice #1234”. Works pretty damn good here in Denmark.
- BrandoElFollito 9y ago
  True. I am probably trying to be too careful, it is just our tradition of chèques (which, again, I would like to see vanishing) which I now will be hard to get rid of. We probably have the lowest online banking adoption in the world, people are attached to brick and mortar institutions which bring them nothing (I am fully online and when I ask some friends why they do not switch they do not have any rational reasons, except that they are in the same bank for 15 generations and like to pay the 10₠/month fee)
  - martin_bech 9y ago
    I will acknowledge, that this has also resulted in a large decline in brick and mortar bank branches. Some smaller cities, no longer have any bank, which can be/is a problem for some.