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When I moved to the UK I quickly found out you could send money to someone with only a sort code and account number. I then found out that it was free to do so.
by mbesto 13y ago
When I moved to the UK I quickly found out you could send money to someone with only a sort code and account number. I then found out that it was free to do so. My mind was blown. How on earth could banks operate without charging for it?! Good on ya UK!
- justincormack 13y agoIn Germany you could do this from any cash machine for decades, long before online banking.
- madeofpalk 13y agoHah here in Australia I can transfer money over SMS or even bumping my iPhone to someone else (providing they're with the same bank as me).
- troels 13y agoOh yes, and within EU you can transfer money bank-to-bank at the same cost as domestic transfers (Which is to say near nothing). How about that?