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It blows our hivemind that the United States doesn't use the ISO 216 paper size standard (A4, A5 and the gang).
Like, we consider ourselves worldly people and are aware of America's little idiosyncrasies like mass incarceration, the widespread availability of assault weapons and not being able to transfer money via your banking app, but come on - look how absolutely great it is to be European:
The American mind cannot comprehend this diagram
[Diagram of paper sizes as listed below]
ISO 216 A series papers formats
AO
A1
A3
A5
A7
A6
Et.
A4
Instead, Americans prostrate themselves to bizarrely-named paper types of seemingly random size: Letter, Legal, Tabloid (Ledger) and all other types of sordid nonsense. We're not even going to include a picture because this is a family-friendly finance blog.
Wait a second if the bank app can't transfer money how do they do it? Just barter with guns? Are the bullets like coins?
i just assumed people used 3rd party services for ease of use or faster transactions, seems so wild that you'd not be able to send money using your bank to me
here it takes 1-2 business day for a free wire transfer from one bank account to another, and you can do it in your banking app or on the bank's website. you just need to authenticate with your online pin code. you can also pay 1โฌ to get a <24h transfer
it's honestly much better than using a third party service, since pretty much everyone has a bank account, and pays using a card tied to that account directly
Idk what all this talk is about - we have wire transfers in the US. I don't need a third party to do it either, it's exactly as you've described, I can do one through the bank's app or on their website, and it's free. It's not as common though since the information required is: Name of the recipient's account exactly as it is, account #, routing #, and exact name of the bank tied to the routing #. You can save that info though to make it easier to transfer the next time around - it's very useful for close family and friends.
EDIT: Turns out I have two different ways of transferring money. One is just moving money between accounts, can be at the same or a different financial institution, has the same functionality as a wire transfer, is free, and doesn't rely on third party apps. A wire transfer is apparently done via some federal system and does require paying $20 or so, but I haven't had to do a wire transfer in forever. I'm not sure why anyone would want to do a wire transfer.
huh, here you only need the other account's IBAN