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Right, and that is why I kinda prefer the American system.... it is very easy to use and set up direct deposit and direct payments, and most of the time nothing

Right, and that is why I kinda prefer the American system.... it is very easy to use and set up direct deposit and direct payments, and most of the time nothing bad happens. The few times something bad happens, it is fixed. I'd rather take the occasional having to wait a few days to sort out a fraud charge than have to be inconvenienced every time I want to send or receive money.

eigen 6y ago
> I'd rather take the occasional having to wait a few days to sort out a fraud charge than have to be inconvenienced every time I want to send or receive money. Bank of New Zealand online banking doesnt seem that inconvenient, or different, from the American system. add payee, enter amount, click pay then confirm. https://www.bnz.co.nz/support/internet-banking/payments/adding-and-making-payments-to-payees https://www.bnz.co.nz/support/internet-banking/payments/addi...
- cortesoft 6y ago
  Right, but my power bill, for example, is variable and I don’t want to have to manually pay it every month.
voltagex_ 6y ago
In Australia, I can send money to just about any other Australian with a bank account using an email address or phone number - and it's mostly instant. The fallback is an account number and it'll take a couple of days to go through. There's no charge for this.
runarberg 6y ago
In my experience it is really hard to deposit money into another persons account in America. In my home country in Europe, all I need is their account number and their personal id number and I can deposit straight from my online banking system. They don’t have to be in the same bank or nothing. In America this is so much more complicated. I have a hard time depositing money to my partner outside of my credit union’s calling hours, even though we literally share each other’s accounts.
- kube-system 6y ago
  AFAIK, this is because criminals used to move money anonymously that way, and banks now have more of a legal responsibility to know where money is coming from. Get yourself formally added as an authorized user of the account and you won’t have this problem anymore.
katbyte 6y ago
Or you setup something outside bank account numbers that accomplishes that? Here in Canada we have interact e-transfers via email or text. Have yet to meet someone who doesn’t have it setup and works great and doesn’t require a bank account - only time that comes up is for direct deposit from employers Goverment ect

eigen 6y ago

> I'd rather take the occasional having to wait a few days to sort out a fraud charge than have to be inconvenienced every time I want to send or receive money. Bank of New Zealand online banking doesnt seem that inconvenient, or different, from the American system. add payee, enter amount, click pay then confirm. https://www.bnz.co.nz/support/internet-banking/payments/adding-and-making-payments-to-payees https://www.bnz.co.nz/support/internet-banking/payments/addi...

cortesoft 6y ago
Right, but my power bill, for example, is variable and I don’t want to have to manually pay it every month.

voltagex_ 6y ago

In Australia, I can send money to just about any other Australian with a bank account using an email address or phone number - and it's mostly instant. The fallback is an account number and it'll take a couple of days to go through. There's no charge for this.

runarberg 6y ago

In my experience it is really hard to deposit money into another persons account in America. In my home country in Europe, all I need is their account number and their personal id number and I can deposit straight from my online banking system. They don’t have to be in the same bank or nothing. In America this is so much more complicated. I have a hard time depositing money to my partner outside of my credit union’s calling hours, even though we literally share each other’s accounts.

kube-system 6y ago
AFAIK, this is because criminals used to move money anonymously that way, and banks now have more of a legal responsibility to know where money is coming from. Get yourself formally added as an authorized user of the account and you won’t have this problem anymore.

katbyte 6y ago

Or you setup something outside bank account numbers that accomplishes that? Here in Canada we have interact e-transfers via email or text. Have yet to meet someone who doesn’t have it setup and works great and doesn’t require a bank account - only time that comes up is for direct deposit from employers Goverment ect