4 ms·
Banking in the USA is a nightmare compared to the UK and Europe. Inter-bank transfers are instant and free in the UK. You use cheques. I rest my case.
by geden 8y ago
Banking in the USA is a nightmare compared to the UK and Europe. Inter-bank transfers are instant and free in the UK. You use cheques. I rest my case.
- ac29 8y agoAlmost no one I know routinely uses checks in the US, possibly with the exception of businesses. Interbank transfers are free & fast enough (24-48 hours). Apps like Venmo give them a nice enough UI.
- eropple 8y agoPossibly with the exception of business. The property management company my girlfriend runs fields literally thousands of checks a month and sends hundreds a week. This is the norm in the United States when actual money is involved.
- justincormack 8y ago24-48 hours is not "fast enough". A few minutes max is normal.
- geden 8y ago48 hours!? There's no excuse for a transfer not being subsecond in 2019. Introducing a 48 hours delay to knowing if someone has actually paid you or not when they said they have... adds a ton of pain to running a business. I regularly transact with US companies in the music & media world and their first payment choice is often a cheque.