Since leaving the US, the idea that these services exist now boggles my mind.
Here (Iceland) it's free to transfer money between individuals via your bank. You simply give them your ID number and bank account and it's done instantly. US Banks are leagues more advanced than the ones here, and the only reason services like this exist is so that banks can directly or indirectly make money from them. People in the US need to demand better from their banking institutions.
Here (Iceland) it's free to transfer money between individuals via your bank. You simply give them your ID number and bank account and it's done instantly. US Banks are leagues more advanced than the ones here, and the only reason services like this exist is so that banks can directly or indirectly make money from them. People in the US need to demand better from their banking institutions.