For some (historic) reason bank transfers are very underutilized in America
My guess is that forcing you to withdraw cash or write checks is more profitable for one of the most under-regulated industries in the world in one of the most under-regulated countries in the world 🤷
The last time I paid for rent via check was… 12 years ago? And that was for a pretty ghetto apartment. Everything before and after was electronic (some used Paypal, some had a website that accepted bank transfers, and accepted Venmo). I write maybe one check/year these days, and usually for a wedding. This year, I’m back to writing multiple, because my kid’s pre-school charges extra for Venmo for some reason.
Years ago you needed to send them a check every month. You also mostly got paid with a monthly check.
For some (historic) reason bank transfers are very underutilized in America. I think it gets better though? I don’t know am not 'murican.
My guess is that forcing you to withdraw cash or write checks is more profitable for one of the most under-regulated industries in the world in one of the most under-regulated countries in the world 🤷
Just how backwards do you think we are? I haven’t written a check for at least ten years. Everything is electronic now.
Very, very backward
The last time I paid for rent via check was… 12 years ago? And that was for a pretty ghetto apartment. Everything before and after was electronic (some used Paypal, some had a website that accepted bank transfers, and accepted Venmo). I write maybe one check/year these days, and usually for a wedding. This year, I’m back to writing multiple, because my kid’s pre-school charges extra for Venmo for some reason.