311–320 of 377 posts
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PayPal/Venmo/Apple Cash also support instant transfers through this method - basically it just charges a negative amount to your debit card. It's not always free though, and most people don't actually need "instant" unless they're standing in front of an ATM.
is it free anywhere else?
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Do checks still exist in the US? Edit: Here in Europe no one uses checks since I can remember (since the 80s?). In Switzerland lots of cash and direct bank transfers.
> Do checks still exist in the US? Of course. I was stuck behind an older lady writing one for groceries, just the other day.
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> if one takes the position the measures are not the cause of the collapse they can still be a cause of unrest You’re missing that the measures have been taken in other contexts without unrest, e.g. Iceland, Cyprus, FDR’a gold confiscation. If X always precedes Y, and Z sometimes does but sometimes doesn’t (and when it does, is twinned with X), and we witness X, Z and Y, X is the dominant explanation for Y.
" there are four kinds of countries: developed countries, underdeveloped countries, Japan, and Argentina." -- Simon Kuznets
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I've been saying this for a long time: https://sneak.berlin/20191119/your-money-isnt-yours/ Cash isn't illegal yet. Use it. Don't use any one system exclusively. Even if you rely wholly on your normal person checking account and electronic payments, have a few grand stashed away in your house in cash. Sometimes the lights go out, and ATMs with them.
hey, this is pretty neat to see a word count summary up front > ( 2341 words, approximately 13 minutes reading time. ) I'd love to see that in every article and perhaps have some css setting that I could globally twiddle for every website so folks could opt in or out as they please. I suppose an extension could possibly tackle it too if the semantics are correct on the page.
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You let someone use your phone and they were able to open BoA app and transfer funds without your knowledge? I don't fault BoA for ignoring your claim, that's like handing someone a credit card and acting surprised when they use it and wanting the CC company to refund your money.
If you let someone into your house to use the bathroom it's not OK that they rifle through your dresser drawers and take any cash that they find. People "hand someone their credit card" every day at restaurants. That doesn't mean that they are waiving fraud protections.
My first week here, my conclusion was that people must be either really honest, and that you get refunded routinely.
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Consumers can't initiate ACHes so it doesn't compete with Venmo/Zelle/etc.
False. Every time you transfer money from an account at one bank to another you're using ACH. Same with moving funds from banks to stock brokers or brokers to banks. The real reason it doesn't compete is its slow, and many banks have terms of service that say something like "You can only set it up between accounts you own" so sending to other people is often technically a violation of your agreement with a bank.
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Heh, I didn’t even notice the covid paper products shortage on accounts of having every day life insurance in the form of a Costco membership and having bought toilet paper some months before. Buying in bulk isn’t even a cost, the cost of capital sitting idle in the form of a shelf of stuff I won’t need for a long time is more than made up for with the volume discount. Not only are the bulk beans a tiny fraction of t…
The problem with buying in bulk is that it requires the money up-front and that works only if you can save enough money at least once. Poor people can be permanently cash-strapped, so they never manage to get to the point for that upfront investment.
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It was pretty wild when I logged into one of my other bank accounts and it said I could not use Zelle with that account because I already had Zelle linked to a different bank account. So I had to unlink it from the other account first. Isn't it common for people to have more than one bank account, and wasn't this the case when Zelle was developed, relatively recently? Why did this use case not cross their mind when t…
LOL. That's insane. Is it one Zelle link, period? Or only to one bank (but you could link several accounts from that one back)?
I believe a single Zelle identity can only be linked to a single bank account, and a Zelle identity consists of an email address, phone number or both. Typically it's the "both" option, but I think that in theory you could create multiple identities with multiple email addresses, and link each to a separate bank account