[coderatlarge]

i recently wrote a check to another member of the same credit union. they deposited the check to their credit union account. the credit union insisted on a ten day hold!!

[testing22321]

I’m 43 and have never written a cheque in my life. Utterly useless things when you have good customer centric regulations.

[supportengineer]

It’s easy to avoid checks if you don’t mind paying transaction fees

[testing22321]

Never paid a transaction fee. I can put money into any account I have the number of right now , free.

Australia and Canada.

[coderatlarge]

we resorted to checks because we hit a non-transparent zelle limit which is not documented anywhere.

[testing22321]

Never used Zelle or paid a transaction fee.

[coderatlarge]

if you ever need to transfer money across far enough borders from your home, it’s currently almost impossible to avoid paying some sort of fee afaik (whether an airplane ticket to hand-carry cash or some kind of markup to convert currencies or some sort of blockchain fee to use newer methods). i’m actively looking for methods that are legal and don’t carry a fee. ex ibkr currency convert -> fidelity individual account -> fidelity cash mgmt -> free wire ?? there are all sorts of gotchas at every step atm ostensibly for aml or sanctions “compliance“

[testing22321]

In my online banking right now I can enter the account number of any bank anywhere in the world and transfer. No fee.

I’ve done it to almost a dozen countries flawlessly.

[coderatlarge]

thanks! i’d love a pointer or at least a hint..

[coderatlarge]

including china?