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I don't understand why Americans don't do direct bank transfers, they're fantastic. And with SEPA Instant Credit Transfer, it's even better than ever. I have a
by Hamuko 4y ago
I don't understand why Americans don't do direct bank transfers, they're fantastic. And with SEPA Instant Credit Transfer, it's even better than ever. I have a secondary bank account in Germany (N26) and if I transfer money from my Finnish bank account to it, I get a push notification from the receiving bank basically a second after I push "Confirm" on the transfer UI.
- dymk 4y ago> I don't understand why Americans don't do direct bank transfers we do...
- gambiting 4y agoWell, yes, which makes the whole situation even weirder - American banks support direct bank transfers, yet companies and individuals continue using cheques. Fedexing a check for insurance claim is like super duper weird to me - it must cost money to send it, it cannot possibly be cheaper than just wiring the money.