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We have this in the UK. It's called Faster Payments. https://en.wikipedia.org/wiki/Faster_Payments_Service https://en.wikipedia.org/wiki/Faster_Payments_Service
by trollied 6y ago
We have this in the UK. It's called Faster Payments. https://en.wikipedia.org/wiki/Faster_Payments_Service https://en.wikipedia.org/wiki/Faster_Payments_Service
Never had a problem with it. I use a few banks that are technically good, and I can send a payment from one to the other & get a push notification a couple of seconds after sending cash from one account to another. It's great!
- stephen_g 6y agoYeah, we have a similar system called the "New Payments Platform" in Australia. You can use the traditional account/branch identifier numbers, or register a phone number or company number to an account. So people can generally just instantly transfer you money without even asking for details if they have your phone number.
- dalanmiller 6y agoUnder the hood, it is currently significantly more expensive than BECS however.