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Yes, it is completely insane and stupid. Direct bank-to-bank transfers require significant administrative work to set up, and may still incur bank fees. For ind
by nradov 9mo ago
Yes, it is completely insane and stupid. Direct bank-to-bank transfers require significant administrative work to set up, and may still incur bank fees. For individual consumer accounts most people can use Zelle but it's not universally available.
- Synaesthesia 9mo agoFunny how South Africa has a way more sophisticated banking network than the USA.
- hermanzegerman 9mo agoI think nearly every other country has instant and free/low-cost bank transfers, without relying on some Apps. I haven't seen a cheque my entire life, and I'm born in the last century