Yet we, a developing "third-world" country, have a better functioning payment system than the US, where it takes days, or even weeks, for a wire transfer to land, and you pay a huge amount of fees for that.
Cases in point:
- To transfer money to a broker, I need to pay around $5 in transfer fees via ACH or wire
- I want to change the custody of my stock market assets from one broker to another, and it will cost me $75 to move $60 worth of shares. Meanwhile, in Brazil, this process is free in every broker.
Cases in point:
- To transfer money to a broker, I need to pay around $5 in transfer fees via ACH or wire
- I want to change the custody of my stock market assets from one broker to another, and it will cost me $75 to move $60 worth of shares. Meanwhile, in Brazil, this process is free in every broker.