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Many banks have free billpay services, you can send a check to someone for free, they can use their bank's mobile deposit to save the trip to the bank. Not idea
by asn0 11y ago
Many banks have free billpay services, you can send a check to someone for free, they can use their bank's mobile deposit to save the trip to the bank. Not ideal, but it also doesn't robocall you.
- josteink 11y agoFor instant, worldwide, international transfers in the 21st century... You suggest cheques and snail mail. For real?
- scrumper 11y agoThis blew me away upon moving from the UK to the USA. In the UK, my (old school, household name, bricks and mortar) bank's online service lets me wire money to any other British account completely free, up to multiple thousands of pounds. They all do. It's instant to many banks, up to 3 days for others. It has digital signatures for payments using a little pinpad device. It is how moderate sums of money moves around between friends and family and invoicers. In the USA, the same facility causes the bank to mail a paper cheque. I was flabbergasted when I discovered that. In 2015, cheques (checks) are still absolutely everywhere. My debit & credit cards don't have chips. It's like the country is 15 years behind Europe. Things are moving in the right direction though: many stores no longer take checks, and a new account I opened with a major institution lets me wire money to (and draw from, which is terrifying) nominated accounts with other institutions online for free, and their card has a chip on it.