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That sounds like more like your landlord is antiquated, not banks. Not only does Venmo exist as an all-inclusive payment option, every major bank (i.e. not a lo
by cc439 7y ago
That sounds like more like your landlord is antiquated, not banks. Not only does Venmo exist as an all-inclusive payment option, every major bank (i.e. not a local one with <15 branches) I'm aware of supports or provides a similar service like Zelle which is used by Bank of America, TD Bank, and others. I'm able to live my life almost entirely independent of banking at a physical location with the rare exceptions being obtaining a cashier's check and withdrawing or depositing large sums of money. There are regulatory/legal hurdles surrounding daily maximum transfer, withdrawl, and deposit amounts as well as what kind of reporting is required for really large sums (like the check you get at closing when you sell your home for example) but this is also the case everywhere else in the 1st world AFAIK.
- mixmastamyk 7y agoJust what I want, an unwarranted rent-seeking third-party in between my financial transactions. No thanks. Not after experiencing better. The taps mentioned are instructions for my bank to send money directly to another account now or tonight. I've heard Zelle is supposed to be some consortium and may be better, but it is still twenty years late and hardly ubiquitous.