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Every bank in Canada does it, even the tiny credit unions. It's common throughout Europe. I don't know about Australia, but they probably have it too. I don't k
by Kluny 8y ago
Every bank in Canada does it, even the tiny credit unions. It's common throughout Europe. I don't know about Australia, but they probably have it too. I don't know, just another example of Americans being backwards and thinking everyone else has the same problems. I seriously can't believe it's 2018 and this isn't mandatory for every bank yet.
- rdm_blackhole 8y agoAustralia just got PayId this year which means you can send any amount of money to anybody who signs up via their banks and receive money in seconds. Until last year you had to wait up to 3 days to do an interbank transfer but not anymore. (same bank transfer would usually clear within the day) I have used it quite a bit since it was released and I have to say that it does the job. The only downside is that it is tied to your phone number and I am not really sure what the process is if you want to change it.