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Well, to be fair, even for many customers 'instant' transfers are new. Even if their bank offers them for months now. Some folks still consider 'online banking'
by MrGilbert 19d ago
Well, to be fair, even for many customers 'instant' transfers are new. Even if their bank offers them for months now. Some folks still consider 'online banking' a novelty.
- noxvilleza 19d agoIn 2015 when I still lived in South Africa, you could do near-instant online transfers - but there is/was a cost involved (I think about $0.45 for transactions under $250). Online banking was super common then, I imagine it's become even more so in the last 10 years. I was quite shocked by how outdated the German banking system was, although it's definitely improved in many ways in the last decade.
- FireBeyond 19d agoEven in 2006, in Australia you could do interbank transfers with near instant availability (certainly within 60s), usually for free.