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I just lost my wallet on the way home from work

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Re: I just lost my wallet on the way home from work

#62
post #7

Earlier quoted context omitted.

In the Netherlands, for at least the last 35 years, transaction forms have a field "Description" where you can enter arbitrary text. Originally on paper, now electronically. Is that in any way remarkable?!

In the US, you pay $16 to send a wire and $16 to receive a wire. So, wires are not as common as in Europe. On the other hand, ordering your bank to print a paper check, and send it through postal mail is free of charge.

Wire transfers also take 2-3 days to clear because the Fed likes to sit on the float. They totally suck in the US.

This is one of the reasons Paypay got so big so fast. There was a huge pent up demand for a wire transfer service that didn't suck. But then Paypal started to suck and people had to find something new.

Re: I just lost my wallet on the way home from work

#63
post #51

Every so often my pessimistic tendencies get a healthy slap across the face by the actions of someone who took the high road when they easily could have chosen otherwise. It's a couple summers ago, at the height of the summer tourist season and I'm cycling up 4th ave SW in DC. Somewhere between the NASA HQ and the National Mall my camera bag - packed full with a fairly new DSLR, a few lenses, and a secondary cell pho…

Is it actually legal? In France, a bag in a public place is deemed to be a bomb and the military has to come, secure the area and destroy it. Happens on a routine basis, not even worth the newspapers. You don’t have such laws in Washington DC?

Re: I just lost my wallet on the way home from work

#64
post #38

Earlier quoted context omitted.

So if you were paying an invoice, is there no way to add the invoice number/reference to the transaction? Do people pay everything with cheques?

For regular bills, when adding a bill pay account online, the bank will ask for your account number... so there must be some way to specify that with an ACH transaction. I've noticed that the custom input memo field visible to the end user goes away on ACH transactions though, at least at my bank. Perhaps it's just used by the account number automatically? For bills that don't accept ACH bill pay (i.e. most smaller c…

Wow, that is bonkers.

I pay our childminder by bank transfer. Its almost instant to do from my phone, free, and I just put the invoice number in the reference field. The idea that banks would print and post cheques is like something from the era of telegrams. So weirdly anachronistic.

Re: I just lost my wallet on the way home from work

#65
post #26

Earlier quoted context omitted.

$16 to pay someone? How do you do something like transfer your friend some money? Or pay someone who did some work for you? Here in New Zealand you'd tend to get their bank account number and send them a (free) direct deposit through your bank's Internet banking service. Until very recently that was also the main payment method for our eBay auction site equivalent TradeMe (they've now started a sort of PayPal clone c…

in practice, no one uses the banks directly to send money like that: we use apps like Venmo / CashApp that take your debit card/bank info and act as an intermediary for sending/receiving money.

A lot of US based startups make a lot more sense to us Europeans in case we move to the US and notice how broken all infrastructure is.

Banking still uses cheques, so you have Paypal, Venmo, CashApp and so on.

Public transport is bad or even non existent which is why Uber and Lift exist.

The programm of over-the-air TV sucks and you get Netflix, HBO, Hulu and so on.

Re: I just lost my wallet on the way home from work

#66

I hate it when my cynicism alarm goes off, but this feel-good tweet about hacking payment transfers for good is written by a guy who's twitter bio says he's a PM at Transferwise ("We’re building the best way to move money around the world.") All the replies are people contrasting shitty experiences they've had with their own wallets and money transfer services. His top pinned tweet is: > Reasons to work at @TransferW…

Transfer wise does forex not traditional bank transfers like this

Re: I just lost my wallet on the way home from work

#67

I hate it when my cynicism alarm goes off, but this feel-good tweet about hacking payment transfers for good is written by a guy who's twitter bio says he's a PM at Transferwise ("We’re building the best way to move money around the world.") All the replies are people contrasting shitty experiences they've had with their own wallets and money transfer services. His top pinned tweet is: > Reasons to work at @TransferW…

If it wasn't a real story it's a brilliant bit of marketing.

But this may be more commonly known 'hack' in the UK with their banking system than it appears.

Re: I just lost my wallet on the way home from work

#68
post #51

Every so often my pessimistic tendencies get a healthy slap across the face by the actions of someone who took the high road when they easily could have chosen otherwise. It's a couple summers ago, at the height of the summer tourist season and I'm cycling up 4th ave SW in DC. Somewhere between the NASA HQ and the National Mall my camera bag - packed full with a fairly new DSLR, a few lenses, and a secondary cell pho…

Is it actually legal? In France, a bag in a public place is deemed to be a bomb and the military has to come, secure the area and destroy it. Happens on a routine basis, not even worth the newspapers. You don’t have such laws in Washington DC?

Not sure about such laws, though there's lots of "if you see something, say something" PSA posters around.

It's possible the person who recovered it saw it fall, but they didn't explain their actions or even identify themselves.

Re: I just lost my wallet on the way home from work

#70
post #51

Every so often my pessimistic tendencies get a healthy slap across the face by the actions of someone who took the high road when they easily could have chosen otherwise. It's a couple summers ago, at the height of the summer tourist season and I'm cycling up 4th ave SW in DC. Somewhere between the NASA HQ and the National Mall my camera bag - packed full with a fairly new DSLR, a few lenses, and a secondary cell pho…

Is it actually legal? In France, a bag in a public place is deemed to be a bomb and the military has to come, secure the area and destroy it. Happens on a routine basis, not even worth the newspapers. You don’t have such laws in Washington DC?

In the UK it's generally the same too. People are always cautious and told to look out for unattended baggage for that reason.
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