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Re: Transferring money between two bank accounts across borders

From: Brent Shambaugh <brent.shambaugh@gmail.com>
Date: Sat, 16 Dec 2017 09:59:21 +0100
Message-ID: <CACvcBVr_x0t+yhg5XN5LFsPqWHSYYr2Y5UC9v0aUSubPiaYdNw@mail.gmail.com>
To: Web Payments <public-webpayments@w3.org>
Thanks all for the comments and suggestions. From reviewing the links,
it looks like there are much more inexpensive ways to send money from
bank account to bank account than a wire transfer. Thanks Joseph for
the link to the news article about the lost inheritance check. Perhaps
electronic transfer is better since there is not a check that can be
physically lost.

-Brent Shambaugh

On Fri, Dec 15, 2017 at 8:35 AM, Gerard P. Hammarlund
<gerard.hammarlund@endresultsgrp.com> wrote:
> Hello all,
> Check clearing is definitely not free and in most cases would not give you
> immediate use of funds.
> Best regards,
> gph
> Gerard P. Hammarlund
> On 14 Dec 2017, at 19:39, Stephane Canon <stephane.canon@scarlet.be> wrote:
> TransferWise is definitely among the best option. Much cheaper than banks. I
> also made a comparison with similar products and TF is the cheapest.
> I would be surprised however if a check drawn in a bank in country A and
> remitted to a bank in country B would be free.
> Le 14 déc. 2017 à 17:26, Sebastian Durandeu <sebastiandurandeu@gmail.com> a
> écrit :
> Probably TransferWise is a good option. It's not free, but cheaper than a
> wire transfer.. Notice it does not support all currencies.
> On Thu, Dec 14, 2017 at 4:13 PM, David Nicol <davidnicol@gmail.com> wrote:
>> the "paper check."
>> These things, aside from predating computers, actually predate paper
>> money, at least in Europe, having their origins in schemes relying on
>> trusted account-holding entities (primarily, AIUI, in Amsterdam) to avoid
>> hauling a lot of silver around in sailing ships.
>> A paper check allows transfer of money across borders between two bank
>> accounts, and is inexpensive or free.
>> The clearing of the check may take multiple days, but that isn't one of
>> Brent's criteria here.
>> On Thu, Dec 14, 2017 at 2:35 AM, Brent Shambaugh
>> <brent.shambaugh@gmail.com> wrote:
>>> I am wondering. Is there a financial product that allows for transfer of
>>> money across borders between two bank accounts? The answer I know of, but do
>>> not prefer, is a wire transfer due to its expense. Is there inexpensive or
>>> free?
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Received on Saturday, 16 December 2017 08:59:50 UTC

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