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Stocktrader, but thats because us Banks are in the stone ages, not why european ones are ;)
In a European bank it will take you usually 5 minutes to send 5000 wires, both inner country, eu and international. That includes logging into their banking backend and such.
Sending 10000 will take around 2 seconds longer...
Talk about backwards ass country!
The wires all cost well below 10 eur too. High speed wires inside of the eu cost around 7 eur and arrive in 40 minutes, guaranteed. Arrive means credited to the receiver account with a same day value date.
Either way, checks cost money in Europe to cash simply because eu banks are not connected to the us banking systems. Some few banks in the eu actually setup a connection to the ach network and convert paper checks to ach payments making them much fastrrvabd cheaper. They just do not do it for everyone...
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