Quote:
Originally Posted by Emil
I dont care if I have to pay ~$50 for the company to send out the wire, just do it. It cost me money too cash checks too. Checks are what retards use to send money. I bet most of you people who send out checks drive a T-ford and dont even own a fucking phone.
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It's completely different in the U.S. The others have mentioned why but I will rehash.
Advantages of checks in America:
1. No fees to cash.
2. You can take them to any of your bank accounts (or even Walmart
) to deposit or cash.
3. Banks here typically credit the money within 48 hours.
4. Sponsors typically charge no fees for checks or very low fees.
5. The mail system is typically 99.9% reliable.
Disadvantages of Wires in America (for small to medium amounts)
1. Sponsor typically charges high fees ($10 - $50)
2. Receiving bank typically charges high fees to receive
3. Tends to attract more attention than ACH or checks.
4. Less safeguards.
Actually our ACH (
http://en.wikipedia.org/wiki/Automated_Clearing_House) is probably more like the way your wires work over here. Generally there are no fees in using it but not all sponsors offer it. There is also the minor potential disadvantage of not being able to decide which bank account to deposit money on the fly if that matters to you. Our ACH is typically easier to set up as well.