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To shed some light on why Americans kept checks for so long: I'm 33 and have never done a bank transfer. I can't even say what the flaws in our system are, beca
by Talanes 3y ago
To shed some light on why Americans kept checks for so long: I'm 33 and have never done a bank transfer. I can't even say what the flaws in our system are, because I grew up in a family where it was never considered as an option: money was sent as cash or checks only.
- usr1106 3y agoI moved Finland 30 years ago. Checks for private customers did no longer exist at that time. (Checks for businesses reportedly still existed a couple of years.) Since the pandemic started I have not carried a wallet (paying cash was seen as some kind anti-social behavior with high risk to infect someone) There are zero places where I would need cash. An increasing number of places does not accept cash. For some ten years we have had international account numbers (IBAN). Transfers inside the Euro zone cost nothing (included in every basic account package) and take one banking day. Nowadays there are several transfer apps where the transfer takes seconds or less. I am not using those because I run a Google-free Android and have root on my phone.
- manuelmoreale 3y agoI have some extra good news for you: https://www.brusselstimes.com/916540/10-second-transactions-european-banks-obliged-to-make-instant-transfers-free https://www.brusselstimes.com/916540/10-second-transactions-... Moving money using IBAN and home banking is genuinely insanely easy at this point inside the EU
- miohtama 3y agoAn American mind cannot comprehend what you just said.
- nikita_789 3y agoIt is very convenient to send money online, but through banks it is expensive and if you use payment systems, study the question very carefully. i once got to a service that said that the transfer is free, but in the end I was charged a crazy hidden commission, so i now do not experiment and work through Arbonum for 3 years already.