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by mschonfeld 4982 days ago
If only the US banking system was as advanced as Europe's...
2 comments

I don't know whether that's sarcasm or not.

I originally didn't include "UK" in my post, but then realised that my knowledge was only of UK banks and that like direct debits it may be a country specific thing.

No no, it was actually sincere. I think that the UK's financial ecosystem is far more advanced than ours in the US... Money transfers are faster, more secure, and there's more of a general sense of progress...
Except for that one bank that managed to not be able to run it's nightly batches for nearly a month earlier this year. (RBS I think?)
FWIW, CSV upload for ACH payment is a typical feature of online banking for business accounts in the US.