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I'm not even sure if it's possible to pay most bills in cash in my country. I have had a bank account frozen due to identity theft; it took me less than 10 minu
by jdietrich 3y ago
I'm not even sure if it's possible to pay most bills in cash in my country. I have had a bank account frozen due to identity theft; it took me less than 10 minutes to open a new account and get a new debit card in my Google Wallet. The bank transferred my funds within a couple of hours and all of my recurring payments were automatically switched within a couple of days.
Maybe my experiences are atypical, but my impression is that consumer banking in the US is quite dysfunctional.
- nyanmatt 3y agoThis is pure privilege to be able to open an account so quickly. Not everyone is so well off.
- jdietrich 3y agoAgain, I don't know what the situation is in the US, but over here it's a privilege available to anyone with a recognised form of ID issued by any EU member state. If you don't have that ID you'll have to go into a branch, but you have the legal right to a bank account, even if you have no home address, even if you've been made bankrupt, even if you don't have the legal right to be in the country.
- gcanyon 3y agoAs someone who lived in Thailand for two years and experienced the joy of scanning a QR code on a postcard to pay a power bill, your experiences are not atypical: the U.S. is behind the curve here.
- vel0city 3y agoYour experience could be done here in the US as well. Doing a transfer within the same bank is usually pretty instant. I could get a new account at my bank and a digital card to add to Google Wallet in a similar timeframe.
- sitkack 3y agoYou are moving the goal posts. Before it was retail transactions and now it is bill pay.