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by vitorgrs
37 days ago
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Several backs had a good amount of TED limit. Although everything changed when Nubank launched, giving unlimited TEDs to everyone. Most banks followed at the time, so basically around 2015~ several big banks had unlimited TEDs. The problem with TED it's just how hard it was to send money.
You had to insert, if I recall right: - Person full name
- Social security number
- Select the Bank Name
- The type of account (savings or checking account)
- Agency and account number This basically means that TED was used as a serious payment thing, like money you receive from your company, etc. A lot of companies still use TED. |
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