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WayUpstate's avatar

In the middle of a month in France and can echo so much of what you said. The ability to transfer money instantly to another's bank account is seamless here and that's the big difference. I read this past year, there is a proposal to do away with the (up to) five day wait for transfers in the U.S. which is the major impediment to using them right now. Transferring between U.S. banks (in my experience) is faster using a paper check for amounts less than $5000. One of my banks now does instantly credit me for any deposit via paper check or via an ACH withdrawal from another bank (USAA) but this seems to be an exception but perhaps an indicator of improvements to come.

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Jerry Spicklemire's avatar

Interesting to read of a different way of conducting financial transactions. Please spend a few moments describing the details. You tell us what isn't used, but not what is used. We are just poor ignorant Americans, with no exposure to advanced alternatives. I cannot conjure such a system. How is it done? Fingerprint scanning? Voice recognition? Seriously, what are they using on the other side of the pond?

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