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Comment by catchmrbharath

India is way ahead of the US financial system. I am a student here in US and I can't really fathom how bad the US financial system is.

- Intra bank wires / transfers are free and happen within 10s

- Cheques are free

- You don't have a system where you can lose all your money if you give your handwritten cheques to somebody (who came up with echeques anyway?)

- You don't get charged to have a checking account. They pay you interest for your account.

- Get a message about every transaction, every withdrawal that you do immediately.

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