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At my bank interac e-transfer costs $1.50 a pop but paper checks are free and unlimited. It boggles the mind.
by aianus 13y ago
At my bank interac e-transfer costs $1.50 a pop but paper checks are free and unlimited. It boggles the mind.
- icebraining 13y agoOnly if you're still tied to the notion that prices are proportional to costs. e-transfers are more convenient for consumers, so they can charge more for them.
- aianus 13y agoI see it as being incentivized to waste relatively large amounts of their time and money printing, shipping, and processing my checks for stupid small amounts like $23.46. But you're right, I'm sure that for every person like me there are many who just pay the $1.50 for the convenience.