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And the US is one of the only western countries where wiring money from one bank to another might mean that the originating bank prints a check, mails it to the
by pgeorgi 6y ago
And the US is one of the only western countries where wiring money from one bank to another might mean that the originating bank prints a check, mails it to the receiving bank where it's typed in manually (hopefully correctly) and clears 6 weeks later.
Germany nailed that process in 1983.
- rootusrootus 6y agoWhat? LOL. ACH has been a thing for decades. Hardly anyone uses paper checks, and when they do, they are processed electronically.