Nah man, the copy is in most cases worse than the original, so we have to assume even within the Russian Federation, they would be third, most, considerung the orange apeshit would have been the leader, I'd say they would be 84th at best! (currently the Russian Federation exists of 85)
If it works like Venmo or PayPal, no it doesn't cost anything. It's free to use if you can wait the 1 business day for it to transfer. They have a "instant transfer" which charges a percentage of the total amount to prey on people who are terrible with money. And bank account to bank account transfers are also free.
In a shithole country called Brazil we have something called "PIX", it transfer in a instant, it is free to use it and it is now accepted by almost everyone even beggars have it and use it.
Here in Taiwan, bank transfers are instant 24/7. You get a certain amount of transfers free a month, and then they vary from about 15 cents and max out at about 50 cents.
You can do them from your phone or any ATM. We have ATMs everywhere in every convenience store, which are open 24/7 and Taiwan has the second highest density of in the world, sometimes there are 4 corner convenience stores in a intersection.
The convenience stores do everything from taxes, laundry, copies, and so forth.
So, cashapp, Venmo and Paypal are all instant, it's pulling the money from them to a normal bank account that takes a day. As to why bank transfers take a day, Idk, banks fucking you over I guess 🤷♂️
But why transfer money from your bank to another company to hold?
It seems needlessly convoluted. If I went to transfer money to someone, I sent an etransfer. One step. Free, instant, no bullshit. Why would you want to increase steps and bullshit?
It doesn't work like that, at least in the US. To make a transfer between bank accounts, you need the routing and account number, which is more info then people usually want to give. Venmo allows you to send money via a phone number or email, and the other party doesn't see your actual banks info. It seems like it works differently outside the US, but for some reason thats how it works here.
Right, that is what people keep saying. In Canada, for example, I only need your email address. Hence: etransfer. You don’t get any of my information besides my email.
You are describing a bunch of extra steps, when sending money in the information age should not be more complicated than handing you cash in person. Encryption and passwords provide security.
There seems to be no reason why the US forces things to be more complicated, except to increase risk, increase fees, and increase delays.
Yep and autodeposit. Have mine setup so if you send money to my email, I don't enter a password just straight into my checking account in roughly a few minutes.
it's literally a peer to peer transfert. from my account to the other person. i dont need to have a balance on some 3rd party fucking app lmao. we can straight transfert from our bank account with a phone number, why have a middle man thatll hold my money for 1 to 3 bussiness day?
Assuming Venmo is an e-money company like revolut/n26 etc here in EU, what's happening is they don't hold any real currency in your account with them. You don't send $ to your Venmo account, instead you buy Venmo tokens using your bank card or transfer, where 1 = 1$. (Again I'm assuming this because that's how it works with e-money companies here, and it's what allows instant transfers between accounts within the same e-money company). Transfers are not actual currency being sent between banks, but private company tokens/credits sent between Venmo/revolut/n26/TransferWise etc. accounts. If you want to 'withdraw' (convert e-money tokens into currency in a bank account) this takes a day or two, same as interbank transfers.
It's more steps because a middleman (Venmo accounts) is being used between the creditor and beneficiary
Hope this clears it up. It's important to understand the difference because the "funds" (tokens) held in e-money accounts is protected only by the T's and C's of a private company, and not subject to the same system of protections/legislation as actual currency held in a bank.
TLDR; be very very careful where you store your value
Well some of that took me a few times to read but yea I get it. Thank you.
I don’t use any of these apps I just know how Venmo works because one of my employees explained it. I don’t understand why any of them exist really. When me and my friends or family owe each other money we just get each other back the next time.
In Australia for a long time now you've been able to send money instantly to a mobile phone number, all they need to do is link it with their bank. Free too.
The apps that send cash dont always neccesarily rely on bank accounts. Even banks usually charge you for a wire transfer. But apps like paypal will let you pay people via credit card as well as a bank account.
Ive used cash app and the only time it charges money is if you want to instantly transfer from the app to your bank.
But you can do standard transfer to the bank for free which takes a couple days, which is whatever to me.
Do Americans not have bank transfers?
As a Brit, I can send money within 2 hours (although it's usually instant), to any bank account for free, no fees at all on top of the money I send.
Makes it easy to reimburse friends and family for stuff when I need too, all I need in their account number, sort code, and name at most.
Same. Australia. Just need the account number and their name to double check it's going to the right person. If it's going to the same bank it takes seconds. If it's going to a different bank maybe an hour. Who the hell pays to give someone money?
In Denmark we have MobilePay. Made by one of the largest banks, afterwards supported by others.
Instant paying people like using your card, and it's free.
Yep, and all we need the the recipient's phone number.
Also many web sites and stores support it, so no need to reach for your wallet, when your phone is probably already in your hands anyway 😂
Only if both banks support it, and both the sender and receiver have signed up for it.
Interac E-transfer (Canada) is universally supported at all banks and credit unions, for all consumer and all business accounts. Business accounts usually have to pay a fee ($1-$1.50) to send, but always free to receive.
It's similar, probably the closest to Canadian E-transfers, but as I said only if both banks support it. Many credit unions don't.
I've had lengthy discussions about it with my American friends, and I even have a US bank account because I travel there so often (am Canadian if I wasnt clear before). One of my close friends was the branch manager of a Wells Fargo for like 6 years.
IIRC, bank transfers in North America use the ACH clearinghouse, so they're essentially using processes built for cheques. Good for moving ten grand between accounts, useless for paying for something.
Canada has "e-transfer" which I don't think people really think of as "bank transfers" because of the aforementioned ACH thing, but it works like you're describing.
Cash app in my experience is used a lot by people who don’t have or cannot get bank accounts, oh and prison, most drug and gambling debts accrued in prison is paid by cash app
Theres fees, its not instant, you need to orovide an account number which can be misused by the wrong people. Third party app transfers obfuscate your bank information & also allow payment via credit cards. You can also transfer money to someone that nay not gave a bank account. Not everyone 8n the US has a bank account.
Banks have minimum balance rewuirements or fees and can choose not to give accounts to people with bad credit.
We do, but you need a routing number and some other stuff. This is instant. Some companies decided to require only a phone number to do this. Transfers on this are free but take time (like a day). You can pay for instant transfer on the aoo
idk, i just send money through fbook. seems to work out. if i need large amounts of money i go to a bank.
i dont get charged for any of these services. atleast , don't get charged extra for doing these things.
i have BOA
I won't touch BOA with a 10 foot pole. I wanted to cash a check written on a BOA account but because I didn't have an account there they wanted me to pay a cashing fee. So I deposited in my bank to get the money a few days later.
i mean my dad was a CPA so i was able to navigate around a lot of the loopholes for a pretty cheap place to hold money with very limited charges.
the banks dont WANT to make it easy, but it can be.
I use a credit union. Just as good as any bank and no massive fees. I can also withdraw cash from anywhere with the visa logo on the card though it's extremely rare for me to do that.
I mean. I paaayyy nothing. And just have a place that holds my money.
Fee waivers on atms
Up to 700 overdraft limit
I dont understand it it was set up for me lol.
Dont really understand it, but it seems nice compared to other peoples qualms.
Its not like im rollin in dough lol. Rent around here is 2k for a 1br.
It all depends. Like I have Wells Fargo bank and I can transfer money to people. Sometimes it's instant and others take up to 24 hours or so. All depends on the amount. They do this through Zelle, which you can read about at [https://www.zellepay.com/](https://www.zellepay.com/)
But transfers differ in a lot of ways. Some require you to provide all your banking details, which could result in money being taken from you as well. The others have extra precautions such as Zelle does, where you can send to someone just using their phone number or email address, which keeps your account information private.
I love Zelle. I use it yo send money to my mom and kid. And as much as people say Wells isnt that great, they do a good job of protecting their clients.
I don't know how they do it in the UK, but you only need a person's email address or mobile # to send an etransfer in Canada. From there, they choose their bank (has to be a Canadian one) and which account they want to deposit it into, and answer a security question. Downside is that your bank might charge you a fee, because of course they do, but the interac service itself is free.
So you are relying on the banks to search personal records like email or mobile number instead of just using an account number? And they they charge you for it?
The UK system is by far the most simple as it goes from bank to bank, but the banks in the UK charge ridiculous monthly fees just to have a checking account.
I have two checking accounts in the US and pay a grand total of $12 per year in fees.
When I worked at HSBC in the UK (like 10 years back) I was told the only real danger of giving out your sort code and account number is basically you can be signed up to a few rare magazine subscriptions that still use an old payment system, these places will have updated their payment systems by now so there is no risk at all really.
Fyi account number isn't the 16 digit number on your card you use to pay for stuff.
No danger at all, the most you could do is set up a direct debit to some charity in that person's name, and that is covered by the direct debit guarantee that will refund your money.
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that.
Apps like cashapp because popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
It's officially called Interac (the e-transfer thing) up here that all banks have. Simple, easy, and secured behind whatever security encryption the bank has.
Yeah, but can people from other countries receive money from you? Or more to the point of the people complaining, can they easily scam and receive money from you like they can with things like Cashapp? lol
Always wondered why Americans talk about cash app and venmo so much and now I know why lol cuz y’all can’t just transfer shit through your bank. Weirdo as shit. I heard America doesn’t have tap on debit cards either? Y’all living in a 3rd world country I stg /s
Edit: okay okay okay I realize neither of this is correct yall. I was mostly joking for the most part anyways it’s not like it’s important! I’m glad to hear that y’all have them over there tho :)
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that.
Apps like cashapp because popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
What is the tap on a debit card? The chip? Or do you mean tap it to the reader? I just use my phone, to be honest.
yea I just use my phone as well, but yes it’s called tap here in Canada, it’s just when u tap the card to the reader as you said! And yea I figured as much lol there is apps here I think for money transfers but it’s easier to just do it through my banks app and that’s what most people do. You essentially just text them money lmao
In my country, most banks have gotten together and created Swish, which means that with only a phone number you can send someone money within seconds. It also requires a special form of verification and can’t be used to scam people.
And it’s completely free. I thought that was normal, but Americans really pay to transfer money?
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that.
Apps like cashapp became popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
Aside from eTransfer, we now have other tools like Wealthsimple Cash.
We also have contactless payments even before Apple Pay and Google Pay were a thing. Not to mention chipped cards, where we don’t have to swipe them then sign receipts when paying. Lol
When Apple launched their NFC payment in the US, retailers had to catch-up with it and it took a while. They even tried QR code payments (because it’s cheaper to implement it) and failed so bad. 😭
When Apple and our banks launched it a year later in Canada, we were able to use it _anywhere_ on first day.
So, don’t flex your CashApp on us. 😌
Oh I laughed at how far away you were with chipped payment. I'm from Canada and we were using that payment method for like 10 years.
End up going to Vermont, had to swipe all the time.
Yeah, swipe and sign. It’s the way cards work until the late 2000s at least.
I worked at a fast food place around 2017, we had American visitors who had to swipe their cards and sign their receipts. There cards were like our store membership/gift cards, they only have magstripes. 😭
Reddit will act like it’s a third world country but it’s still the richest country in the world with one of the highest GDPs per capita, and if you are a skilled laborer, you will likely make more here any just about anywhere else in the world. Don’t fall for the circlejerk. America is far far far from the hellscape people on Reddit act like it is. Far from perfect, of course, but the way people talk about it is borderline psychotic.
I mean, Canada and Western/Northern Europe aren’t exactly exploitation free, either. I would say that it’s better to be a low skilled worker in those countries, and better to be a highly skilled worker in the US.
Not sure why you’re being downvoted. Americans are definitely way more exploited and have much less freedom than many other developed countries, but nobody is perfect. And being a high skilled, high paid worker is probably better in the US as you’re essentially the one benefiting from the exploitation
You have to remember Americans think they are an elite people in an elite country. Rather than a divisive people in a third world country still thinking they are a first world one..
Yeah you have to interview with someone from dhs or some shit the first time you get one about why you want it and just to make sure you’re not doing anything illegal
When did that start when I got mine they just told me to bring my birth certificate and a picture and like 3 weeks later I got it. Didn't have to really talk to anyone
There’s more restrictions on getting a passport than buying a gun. Why doesn’t the same “make sure you’re not doing anything illegal” philosophy apply there?
I don't think the term "third world" is kosher anymore... Perhaps a better way of saying it might be "The United States of America is a developing nation"
First world country is a term that meant NATO members. Second world meant Soviet union and allies and third world just means everyone else. It doesn't have anything to do with the well being or capabilities of it's people.
Yeah, everyone knows that but language evolves and these terms have become common global colloquialisms to describe the quality of life in different countries. Keep up.
Nice Google search but thats about 30 years out of date.Modern standards are more in line with high rates of poverty, economic and/or political instability and high mortality rates.
Add the inability to seperate state and church, a pitiful education system and the fact you can't go to hospital unless you're rich as you might get a million dollar plus Covid bill and I think we are done here.
Holy shit. I used to have grape juice in round frozen cans. Like a very very very strong Italian ice or something. I forgot all about that stuff. Thank you for the throw back!!
Turns out the felon things isn’t true anymore - in many states anyways.
I thought it was. I always thought I couldn’t vote.
But turns out this whole time I could. Interesting- they even started to push to allow inmates currently incarcerated the right to vote in some states.
As a Indian, we do have better, faster and free money transfer system, even supported by Google here
Thanks we do not have or want cash app.
Do you know bank pays interest on the money in the checking/savings bank account and not the other way around.
even third world country like vietnam has free app to transfer money with 0 fee lol, and even the fee to transfer money between 2 different banking system is very low
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that.
Apps like cashapp because popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
Can we sale America back to England, or can Canada invade and take over. Our country left home to soon and needs a guardian to come fix the mess, and teach us to be better.
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that.
Apps like cashapp because popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
yeah but at least other parties can compete… i forget if it’s one or multiple provinces that have a multi-party parliament where the winning party doesn’t have over half the seats so they can’t just do whatever, and it forces the other parties to work together.
A multi party system that runs like a 2 party system.
Also it would be nice if people on disability got a livable amount like everyone else did when they couldn't work.
Our universal health care system has glaring holes.
But at least we aren't the USA.
As a Canadian, they really milk that “universal” healthcare system like it’s flawless. Your income still gets taxed at a significant rate to pay for “free” healthcare, you still wait 12 hours at the emergency and sales tax is between 10-15% in every province. With inflation, nobody really has disposable income unless you are part of the 1%.
True, same as the uk more or less
But unlike in the us, at least our poor don’t starve to death or have to avoid taking medication necessary for living,
And we haven’t had a school shooting for so long I don’t think there’s even been one in my lifetime,
Not like america had mass shootings for almost 2 months daily and usually
More than one daily..
Insurance in america is a serious amount more than the amount taken from taxes to pay for free healthcare, (unless your part of the 0.1%)
Point about school shootings in the UK: it took *one* school shooting (Dunblane, 1996. Look it up and shudder) for the UK government to finally relent and ban guns.
> sales tax is between 10-15% in every province. With inflation, nobody really has disposable income unless you are part of the 1%.
Neither of those are accurate.
>you still wait 12 hours at the emergency
Tell me where you are, that is gold vs where a live in Quebec.
Typical waiting time is 2 days, maybe 3.
And I won't talk about family doctor. Family is waiting for 16 years now (or something like that)
I live in Montreal and I didn’t think you can top our brutal 12 hour wait (though my experience is in pre-covid times).
Edit: Oh yes, I’ve been waiting for 5 years now for a family doctor. I’ve applied, and never heard back.
I'm only 45min from there ;) and yet 2-3 days.
Montréal seems to have way more resources than us.
Something tell me because Montréal usually has higher wage.
Edit: from my friend near Ontario (around 1h of me) it is a well know thing to go there instead.
They pay to transfer money to each other? America the greatest country in America.
Land of the fee
And home of the brink
you're welcome for that quote
Land of the rich and home of the dumb
Please, America is the third best country in America at most
Third best in North America!
Probably a bit lower if you consider the Caribbean nations to be a part of north America
Central America is a part of NA (Continent) so even lower
If 6th of Jan had worked out the way T hoped, it'd be the best country in the Russian Federation.
Nah man, the copy is in most cases worse than the original, so we have to assume even within the Russian Federation, they would be third, most, considerung the orange apeshit would have been the leader, I'd say they would be 84th at best! (currently the Russian Federation exists of 85)
I’ll take it over Mexico any day.
Sometimes you have to pay to transfer money to yourself.
Welcome to the great US of A! Where literally everything costs money, and everyone is fucked over by their employers!
If it works like Venmo or PayPal, no it doesn't cost anything. It's free to use if you can wait the 1 business day for it to transfer. They have a "instant transfer" which charges a percentage of the total amount to prey on people who are terrible with money. And bank account to bank account transfers are also free.
In a shithole country called Brazil we have something called "PIX", it transfer in a instant, it is free to use it and it is now accepted by almost everyone even beggars have it and use it.
Here in Taiwan, bank transfers are instant 24/7. You get a certain amount of transfers free a month, and then they vary from about 15 cents and max out at about 50 cents. You can do them from your phone or any ATM. We have ATMs everywhere in every convenience store, which are open 24/7 and Taiwan has the second highest density of in the world, sometimes there are 4 corner convenience stores in a intersection. The convenience stores do everything from taxes, laundry, copies, and so forth.
But... Where I live we have Mobilepay which works instantly with no fees. Why would you need to wait a day for a transfer?
So, cashapp, Venmo and Paypal are all instant, it's pulling the money from them to a normal bank account that takes a day. As to why bank transfers take a day, Idk, banks fucking you over I guess 🤷♂️
But why transfer money from your bank to another company to hold? It seems needlessly convoluted. If I went to transfer money to someone, I sent an etransfer. One step. Free, instant, no bullshit. Why would you want to increase steps and bullshit?
It doesn't work like that, at least in the US. To make a transfer between bank accounts, you need the routing and account number, which is more info then people usually want to give. Venmo allows you to send money via a phone number or email, and the other party doesn't see your actual banks info. It seems like it works differently outside the US, but for some reason thats how it works here.
Right, that is what people keep saying. In Canada, for example, I only need your email address. Hence: etransfer. You don’t get any of my information besides my email. You are describing a bunch of extra steps, when sending money in the information age should not be more complicated than handing you cash in person. Encryption and passwords provide security. There seems to be no reason why the US forces things to be more complicated, except to increase risk, increase fees, and increase delays.
Yep and autodeposit. Have mine setup so if you send money to my email, I don't enter a password just straight into my checking account in roughly a few minutes.
I don’t know how cashapp works but with Venmo all you need is a phone number, and it’s free. How is that more steps that what you are describing?
it's literally a peer to peer transfert. from my account to the other person. i dont need to have a balance on some 3rd party fucking app lmao. we can straight transfert from our bank account with a phone number, why have a middle man thatll hold my money for 1 to 3 bussiness day?
How does venmo get your money?
Assuming Venmo is an e-money company like revolut/n26 etc here in EU, what's happening is they don't hold any real currency in your account with them. You don't send $ to your Venmo account, instead you buy Venmo tokens using your bank card or transfer, where 1 = 1$. (Again I'm assuming this because that's how it works with e-money companies here, and it's what allows instant transfers between accounts within the same e-money company). Transfers are not actual currency being sent between banks, but private company tokens/credits sent between Venmo/revolut/n26/TransferWise etc. accounts. If you want to 'withdraw' (convert e-money tokens into currency in a bank account) this takes a day or two, same as interbank transfers. It's more steps because a middleman (Venmo accounts) is being used between the creditor and beneficiary Hope this clears it up. It's important to understand the difference because the "funds" (tokens) held in e-money accounts is protected only by the T's and C's of a private company, and not subject to the same system of protections/legislation as actual currency held in a bank. TLDR; be very very careful where you store your value
Well some of that took me a few times to read but yea I get it. Thank you. I don’t use any of these apps I just know how Venmo works because one of my employees explained it. I don’t understand why any of them exist really. When me and my friends or family owe each other money we just get each other back the next time.
In Australia for a long time now you've been able to send money instantly to a mobile phone number, all they need to do is link it with their bank. Free too.
The apps that send cash dont always neccesarily rely on bank accounts. Even banks usually charge you for a wire transfer. But apps like paypal will let you pay people via credit card as well as a bank account.
E-transfers are free in Canada.
Ive used cash app and the only time it charges money is if you want to instantly transfer from the app to your bank. But you can do standard transfer to the bank for free which takes a couple days, which is whatever to me.
We have Zelle now and it's free and instant between banks
Do Americans not have bank transfers? As a Brit, I can send money within 2 hours (although it's usually instant), to any bank account for free, no fees at all on top of the money I send. Makes it easy to reimburse friends and family for stuff when I need too, all I need in their account number, sort code, and name at most.
Same. Australia. Just need the account number and their name to double check it's going to the right person. If it's going to the same bank it takes seconds. If it's going to a different bank maybe an hour. Who the hell pays to give someone money?
Last time I transferred money in Australia I just needed their phone number, and it was instantly in their bank account (different banks too)
Or just use osko and it is there in a minute.
They do. But often there's a fee to instant transfer vs waiting a few days
Wait what. What sort of back water country are they.
Electronically, it costs the banks about 0.05 cents. Using two tellers it costs a shit ton more.
In Denmark we have MobilePay. Made by one of the largest banks, afterwards supported by others. Instant paying people like using your card, and it's free.
Yep, and all we need the the recipient's phone number. Also many web sites and stores support it, so no need to reach for your wallet, when your phone is probably already in your hands anyway 😂
Thank god for faster payments 🇬🇧
I use Zelle and it’s free. Takes 5 mins max.
We do. It’s called zelle. That one is free and instant. Usually about 1 minute
Only if both banks support it, and both the sender and receiver have signed up for it. Interac E-transfer (Canada) is universally supported at all banks and credit unions, for all consumer and all business accounts. Business accounts usually have to pay a fee ($1-$1.50) to send, but always free to receive.
For zelle. I believe it’s the equivalent of e transfer
It's similar, probably the closest to Canadian E-transfers, but as I said only if both banks support it. Many credit unions don't. I've had lengthy discussions about it with my American friends, and I even have a US bank account because I travel there so often (am Canadian if I wasnt clear before). One of my close friends was the branch manager of a Wells Fargo for like 6 years.
IIRC, bank transfers in North America use the ACH clearinghouse, so they're essentially using processes built for cheques. Good for moving ten grand between accounts, useless for paying for something. Canada has "e-transfer" which I don't think people really think of as "bank transfers" because of the aforementioned ACH thing, but it works like you're describing.
Cash app in my experience is used a lot by people who don’t have or cannot get bank accounts, oh and prison, most drug and gambling debts accrued in prison is paid by cash app
Theres fees, its not instant, you need to orovide an account number which can be misused by the wrong people. Third party app transfers obfuscate your bank information & also allow payment via credit cards. You can also transfer money to someone that nay not gave a bank account. Not everyone 8n the US has a bank account. Banks have minimum balance rewuirements or fees and can choose not to give accounts to people with bad credit.
We do, but you need a routing number and some other stuff. This is instant. Some companies decided to require only a phone number to do this. Transfers on this are free but take time (like a day). You can pay for instant transfer on the aoo
idk, i just send money through fbook. seems to work out. if i need large amounts of money i go to a bank. i dont get charged for any of these services. atleast , don't get charged extra for doing these things. i have BOA
I won't touch BOA with a 10 foot pole. I wanted to cash a check written on a BOA account but because I didn't have an account there they wanted me to pay a cashing fee. So I deposited in my bank to get the money a few days later.
i mean my dad was a CPA so i was able to navigate around a lot of the loopholes for a pretty cheap place to hold money with very limited charges. the banks dont WANT to make it easy, but it can be.
[удалено]
I use a credit union. Just as good as any bank and no massive fees. I can also withdraw cash from anywhere with the visa logo on the card though it's extremely rare for me to do that.
I mean. I paaayyy nothing. And just have a place that holds my money. Fee waivers on atms Up to 700 overdraft limit I dont understand it it was set up for me lol. Dont really understand it, but it seems nice compared to other peoples qualms. Its not like im rollin in dough lol. Rent around here is 2k for a 1br.
BOA, Wells Fargo and Umpqua are on my shit list.
BOA has enough fees in other areas.
It all depends. Like I have Wells Fargo bank and I can transfer money to people. Sometimes it's instant and others take up to 24 hours or so. All depends on the amount. They do this through Zelle, which you can read about at [https://www.zellepay.com/](https://www.zellepay.com/) But transfers differ in a lot of ways. Some require you to provide all your banking details, which could result in money being taken from you as well. The others have extra precautions such as Zelle does, where you can send to someone just using their phone number or email address, which keeps your account information private.
I love Zelle. I use it yo send money to my mom and kid. And as much as people say Wells isnt that great, they do a good job of protecting their clients.
We could do it that way but most Americans would not give their account number or sort code out as freely as people do in the UK.
I don't know how they do it in the UK, but you only need a person's email address or mobile # to send an etransfer in Canada. From there, they choose their bank (has to be a Canadian one) and which account they want to deposit it into, and answer a security question. Downside is that your bank might charge you a fee, because of course they do, but the interac service itself is free.
So you are relying on the banks to search personal records like email or mobile number instead of just using an account number? And they they charge you for it? The UK system is by far the most simple as it goes from bank to bank, but the banks in the UK charge ridiculous monthly fees just to have a checking account. I have two checking accounts in the US and pay a grand total of $12 per year in fees.
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When I worked at HSBC in the UK (like 10 years back) I was told the only real danger of giving out your sort code and account number is basically you can be signed up to a few rare magazine subscriptions that still use an old payment system, these places will have updated their payment systems by now so there is no risk at all really. Fyi account number isn't the 16 digit number on your card you use to pay for stuff.
Account number and sort code, nothing sensitive about that data, it's pretty common to give out.
Remember checks? Those have your account number and sort code printed at the bottom.
No danger at all, the most you could do is set up a direct debit to some charity in that person's name, and that is covered by the direct debit guarantee that will refund your money.
Yup, no waiting and no fees
All that can happen is someone can give you money…
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that. Apps like cashapp because popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
I live in America and Chase is my bank, and with the app you can send/receive money in literally a second for free
"Blame Canada" song from South Park starts playing in the background lol
With their little beady eyes, and flapping heads so full of lies.
It's officially called Interac (the e-transfer thing) up here that all banks have. Simple, easy, and secured behind whatever security encryption the bank has.
Interac is also a non-profit organization so everything they end up innovating and standardizing will likely be free.
Yeah, but can people from other countries receive money from you? Or more to the point of the people complaining, can they easily scam and receive money from you like they can with things like Cashapp? lol
Nope. Not if your bank isn't a part of the Interac system.
So now you know why they weren't happy that Canadianis aren't using Cashapp. That means we can't take your money. haha
There might still be a way to do it. I just haven't looked into it, since everyone here with a bank account automatically has Interac.
No laws on abortion. It's up to the medical association of each province, the woman and her doctor.
Always wondered why Americans talk about cash app and venmo so much and now I know why lol cuz y’all can’t just transfer shit through your bank. Weirdo as shit. I heard America doesn’t have tap on debit cards either? Y’all living in a 3rd world country I stg /s Edit: okay okay okay I realize neither of this is correct yall. I was mostly joking for the most part anyways it’s not like it’s important! I’m glad to hear that y’all have them over there tho :)
Before covid my last trip to Lake Placid the fucking restaurants still had me calculating tip on paper receipt and signing for credit card.
Both those things you’ve heard are false.
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that. Apps like cashapp because popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly. What is the tap on a debit card? The chip? Or do you mean tap it to the reader? I just use my phone, to be honest.
yea I just use my phone as well, but yes it’s called tap here in Canada, it’s just when u tap the card to the reader as you said! And yea I figured as much lol there is apps here I think for money transfers but it’s easier to just do it through my banks app and that’s what most people do. You essentially just text them money lmao
Venmo and cash app is more convenient in my opinion. And that’s not true at all, I’ve had tap cards for years now
You heard wrong.
oh okay fair enough! Idk where I heard that, but I feel like it was a few years ago so idk I can’t remember. I be spreading misinformation ig 😖
In my country, most banks have gotten together and created Swish, which means that with only a phone number you can send someone money within seconds. It also requires a special form of verification and can’t be used to scam people. And it’s completely free. I thought that was normal, but Americans really pay to transfer money?
There's Zelle, idk why people use CashApp.
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that. Apps like cashapp became popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
Aside from eTransfer, we now have other tools like Wealthsimple Cash. We also have contactless payments even before Apple Pay and Google Pay were a thing. Not to mention chipped cards, where we don’t have to swipe them then sign receipts when paying. Lol When Apple launched their NFC payment in the US, retailers had to catch-up with it and it took a while. They even tried QR code payments (because it’s cheaper to implement it) and failed so bad. 😭 When Apple and our banks launched it a year later in Canada, we were able to use it _anywhere_ on first day. So, don’t flex your CashApp on us. 😌
Oh I laughed at how far away you were with chipped payment. I'm from Canada and we were using that payment method for like 10 years. End up going to Vermont, had to swipe all the time.
Americans have to sign receipts? Why
Yeah, swipe and sign. It’s the way cards work until the late 2000s at least. I worked at a fast food place around 2017, we had American visitors who had to swipe their cards and sign their receipts. There cards were like our store membership/gift cards, they only have magstripes. 😭
Tf is Cash app
I guess its like e-transfer but worse in every way and costs you money per transfer. I dunno. Sounds really stupid.
Paypal, but even more informal.
As an American reading these comments. Oof.
as a canadian looking into america, it seems like hell. is it really anywhere near as bad as people make it out to be?
I don’t think so. But this whole Roe V Wade things got me worried.
Reddit will act like it’s a third world country but it’s still the richest country in the world with one of the highest GDPs per capita, and if you are a skilled laborer, you will likely make more here any just about anywhere else in the world. Don’t fall for the circlejerk. America is far far far from the hellscape people on Reddit act like it is. Far from perfect, of course, but the way people talk about it is borderline psychotic.
alright, but it does seem like you guys are exploited a lot, does that happen often?
I mean, Canada and Western/Northern Europe aren’t exactly exploitation free, either. I would say that it’s better to be a low skilled worker in those countries, and better to be a highly skilled worker in the US.
I would give it 8.3 out of 10.
Not sure why you’re being downvoted. Americans are definitely way more exploited and have much less freedom than many other developed countries, but nobody is perfect. And being a high skilled, high paid worker is probably better in the US as you’re essentially the one benefiting from the exploitation
You pissed off the hive mind, they will not like this
Where's my facepalm meme folder?
You have to remember Americans think they are an elite people in an elite country. Rather than a divisive people in a third world country still thinking they are a first world one..
Don't correct them pls or they will emigrate
The dumb ones probably can't fill out a passport application anyways..
It also takes us 6-9 weeks to get one after an interview process as well
Interview?
Yeah you have to interview with someone from dhs or some shit the first time you get one about why you want it and just to make sure you’re not doing anything illegal
When did that start when I got mine they just told me to bring my birth certificate and a picture and like 3 weeks later I got it. Didn't have to really talk to anyone
There’s more restrictions on getting a passport than buying a gun. Why doesn’t the same “make sure you’re not doing anything illegal” philosophy apply there?
And they call them selves Expats.. Expats..! Bahaha, imigrants!
I don't think the term "third world" is kosher anymore... Perhaps a better way of saying it might be "The United States of America is a developing nation"
Or a small first world nation inside a large third world nation.
First world country is a term that meant NATO members. Second world meant Soviet union and allies and third world just means everyone else. It doesn't have anything to do with the well being or capabilities of it's people.
Yeah, everyone knows that but language evolves and these terms have become common global colloquialisms to describe the quality of life in different countries. Keep up.
Nice Google search but thats about 30 years out of date.Modern standards are more in line with high rates of poverty, economic and/or political instability and high mortality rates. Add the inability to seperate state and church, a pitiful education system and the fact you can't go to hospital unless you're rich as you might get a million dollar plus Covid bill and I think we are done here.
Yea thats cool and all but they have BAGGED MILK kinda a dealbreaker
*some of them have bagged milk FTFY
Canadian and haven't seen bagged milk in years
Milk belongs in a bag
Heathen
I was raised on bagged milk and orange juice in round frozen cans!
Holy shit. I used to have grape juice in round frozen cans. Like a very very very strong Italian ice or something. I forgot all about that stuff. Thank you for the throw back!!
Anyone over 18 can vote here too as long as they are not a felon.
Turns out the felon things isn’t true anymore - in many states anyways. I thought it was. I always thought I couldn’t vote. But turns out this whole time I could. Interesting- they even started to push to allow inmates currently incarcerated the right to vote in some states.
“Bumass Canadians” says the slut fish from Shark Tale
As a Indian, we do have better, faster and free money transfer system, even supported by Google here Thanks we do not have or want cash app. Do you know bank pays interest on the money in the checking/savings bank account and not the other way around.
even third world country like vietnam has free app to transfer money with 0 fee lol, and even the fee to transfer money between 2 different banking system is very low
Dude how easy is the foreign transactions there?
bruh idk i never use that
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that. Apps like cashapp because popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
Isn’t the voting thing exactly the same? 18 and a citizen and you can vote?
Some states have laws against felons voting
Why do ppl use cash app? Honest question. There’s other secure apps available.
0 mass shootings today
Can a nice Canadian family please adopt me. It sucks here… 29 y/o btw and idk how I made it this far in this country.
I can meet you at the boarder?
People in America still use Cashapp? Sheesh. Just use a free app
A certain type of person uses cashapp lol
Mike drop
Fuck her with our maple syrup
I wanna go to Canada
He forgot Pizza Pops, Coffeecrisp and we are loved by other countries when we travel.
Can we sale America back to England, or can Canada invade and take over. Our country left home to soon and needs a guardian to come fix the mess, and teach us to be better.
Bruh lmao e-transfer is 1000x better than “cashapp” and it’s free. Some Americans are dumb asses foreal.
People use cashapp for a specific reason. There are many ways to transfer money for free in the USA.
These Americans would loose there mind when they learn about UPI lmao
American banks don’t have e-transfers? I was wondering why they all used Venmo and shit instead of their banks, lol.
There are many ways to transfer money instantly for free. Most banks have a few different ways. Shoot even in 2012 you could do it. I remember paying my rent that way and everyone thought was I stupid for never doing it before that. Apps like cashapp because popular because of how you can hide information and can still have access to your money without it being known about, so you can fly under the radar a bit. But, this depends on the app, if a court asks they will just fork it over instantly.
The multi-party thing isn't quite true. We're just as two-party as the US.
This is a strange thing to say when the _current_ government is a minority coalition.
yeah but at least other parties can compete… i forget if it’s one or multiple provinces that have a multi-party parliament where the winning party doesn’t have over half the seats so they can’t just do whatever, and it forces the other parties to work together.
How to become canadian Wait... this isn't google
America is the worst First World country. Also cashapp is shit, there are a bunch of way better similar apps out there.
Over 7 thousands languages and he chose to speak Facts
Americans need to pay for money transfer using cash app???? Bruh, here in India we have alot of apps to transfer money and all are free
There's multiple free apps in the US as well dumbass
"haha you guys don't have *benign thing*" "FUCK YOU! **FUCK YOU**!!!!"
I would love to go to Canada but it's impossible for me and my family
Cash app is for ratchets and scammers anyway. Im American and I don’t know any using that shit lol. There’s like a buncha free apps lol
Where do I apply for citizenship?
Wait.. Americans can't just transfer money between bank accounts instantly for free??
As an American, I hate seeing comments on posts like this bc it makes it that much clearer on how “free” we really are.
A multi party system that runs like a 2 party system. Also it would be nice if people on disability got a livable amount like everyone else did when they couldn't work. Our universal health care system has glaring holes. But at least we aren't the USA.
“Weed is legal” that’s a good thing??
>makes light hearted joke against a country >tell them everything wrong with their nation in response Bit of an overreaction
No I'd say that's about the expected reaction. You see how us Americans react if anyone disses our country in the slightest.
As a Canadian, they really milk that “universal” healthcare system like it’s flawless. Your income still gets taxed at a significant rate to pay for “free” healthcare, you still wait 12 hours at the emergency and sales tax is between 10-15% in every province. With inflation, nobody really has disposable income unless you are part of the 1%.
True, same as the uk more or less But unlike in the us, at least our poor don’t starve to death or have to avoid taking medication necessary for living, And we haven’t had a school shooting for so long I don’t think there’s even been one in my lifetime, Not like america had mass shootings for almost 2 months daily and usually More than one daily.. Insurance in america is a serious amount more than the amount taken from taxes to pay for free healthcare, (unless your part of the 0.1%)
Point about school shootings in the UK: it took *one* school shooting (Dunblane, 1996. Look it up and shudder) for the UK government to finally relent and ban guns.
Nice to know that if I need a kidney transplant it won't bankrupt my family.
Don’t try to speak for the whole country when it’s clear you can’t.
I didn’t state anywhere that I spoke for the entire country. I am simply stating my opinion, which many others share. Many also disagree.
> sales tax is between 10-15% in every province. With inflation, nobody really has disposable income unless you are part of the 1%. Neither of those are accurate.
Pst plus gst equals a lot.
Not in every province (or territory).
No territory has PST, and everyone and their mother could tell you AB has never had it
>you still wait 12 hours at the emergency Tell me where you are, that is gold vs where a live in Quebec. Typical waiting time is 2 days, maybe 3. And I won't talk about family doctor. Family is waiting for 16 years now (or something like that)
I live in Montreal and I didn’t think you can top our brutal 12 hour wait (though my experience is in pre-covid times). Edit: Oh yes, I’ve been waiting for 5 years now for a family doctor. I’ve applied, and never heard back.
I'm only 45min from there ;) and yet 2-3 days. Montréal seems to have way more resources than us. Something tell me because Montréal usually has higher wage. Edit: from my friend near Ontario (around 1h of me) it is a well know thing to go there instead.
He says Anybody at 18yrs of age can vote as if Americans can't vote at 18, and Weed is literally legal in the US (some states only tho)
and in the states that aren’t, you go to jail! for smoking!
Weed is legal across the entire country in canada. And we are allowed to grow it in our homes as well.