Malkiot t1_iyemrmt wrote
Reply to comment by Ansuz07 in ELI5 why fraudsters like Anna Sorokin managed to deposit bad checks and immediately withdraw cash elsewhere without banks stopping it? by 6horrigoth
Does the US not have really easy wire transfers as we do in the EU? I can literally transfer money from an account at any bank to any other bank within the EU from my phone. I only need the recipient's account number. Hell, for 2€ (BS fee) I can do an instant transfer which credits the recipient's account immediately.
OneMoreTallDude t1_iyeniwi wrote
Can't speak for all banks, but I bank with a credit union and they offer something similar. I can send money to any other credit union checking or savings account instantly, for free. They charge me to send money to federal banks though or internationally.
modern_aftermath t1_iyfa5b7 wrote
Yes, it’s practically the exact same system, with the same function and features and similar small fees for instant transfer, in the US.
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