> and why does the bank need to be involved or aware at all In the EU you can transfer the money instantly using your phone. Not that I agree with the ban but

> and why does the bank need to be involved or aware at all In the EU you can transfer the money instantly using your phone. Not that I agree with the ban but a lot of the issues people are discussing here are only relevant in the US (checks? lol.. what is this the 60s?)