Comic Discussion > QUESTIONABLE CONTENT
WCDT strips 4311-4315 (20-25 July 2020)
Case:
--- Quote from: Tova on 21 Jul 2020, 00:12 ---
--- Quote from: awkwardness on 21 Jul 2020, 00:01 ---
--- Quote from: Tova on 20 Jul 2020, 01:07 ---
--- Quote from: awkwardness on 19 Jul 2020, 23:38 ---It's simple: it's going from one bank account into a different bank account.
--- End quote ---
I do get the whole concept of transferring money from one bank account to another.
--- End quote ---
You ignored the rest of my response to snipe at me. Excuse me for answering your question as someone who actually experienced what you were asking about as both a witness to this kind of transaction from a similar small-sized nonprofit organization and as a recipient of a check from a nonprofit organization.
--- End quote ---
I wasn't trying to snipe - sorry if it came across that way. What I'm trying to say is that I understand the aspect that you're explaining to me. I've used nothing but purely electronic bank transfers in one form or another for many, many years now. It's the concept of conducting the transfer via a scanned piece of paper that is unusual to me. If you've got the tech to scan the cheque in, you've probably got the tech to skip the piece of paper entirely and lose literally nothing except a bit of extra headache.
--- End quote ---
I have a hunch that those aspects of the US financial system that are surprising & unfamiliar to non-USnians are maybe not the things USnians would assume to be uncommon & surprising to ppl outside the US?
I wouldn't be surprised to learn that differences in common practises wrt money transfer may have much more to do e.g. with differences in ID laws, and the practises & workarounds that result from those differences. I do admit that this is not what you'd call an informed opion, though!
Edit: I'm thinking about stuff like eg the fact that credit cards never took off in Germany the way they did in the US - IIRC that was not due a supply-side lack (ie German banks not offering them), but rather ppl not finding the product attractive or useful enough against the backdrop of the already existing ecosystem in Germany. Afaics, this factoid has vexed a lot of banking execs for something like three decades.
EditEdit: Also, IIRC, there's a difference between a check and a simple transfer in that in order to transfer, the issuer has to have advance information about the account information of the recipient. In countries where that situation is the norm wrt the most basic needed transfers (salary and/or transfers from government institutiona) checks would satisfy a need that doesn't exist, or isn't as pressing.
Like - I've never been in the situation wheregovernment, employer and insurers did not have my account details, so there was never any need to write me a check in order to get money into my hands.
Mr_Rose:
--- Quote from: Case on 21 Jul 2020, 09:10 ---EditEdit: Also, IIRC, there's a difference between a check and a simple transfer in that in order to transfer, the issuer has to have advance information about the account information of the recipient. In countries where that situation is the norm wrt the most basic needed transfers (salary and/or transfers from government institutiona) checks would satisfy a need that doesn't exist, or isn't as pressing.
--- End quote ---
This is probably what is troubling people about the concept of someone writing themselves a cheque to transfer money between two accounts they hold. :psyduck: What purpose is served by using a slip of paper as an intermediary?
On the topic of cheque use, my bank (in common with all consumer banks here) has recently stopped issuing chequebooks at all, having long since dropped down to on request only.
Case:
--- Quote from: Mr_Rose on 21 Jul 2020, 10:50 ---
--- Quote from: Case on 21 Jul 2020, 09:10 ---EditEdit: Also, IIRC, there's a difference between a check and a simple transfer in that in order to transfer, the issuer has to have advance information about the account information of the recipient. In countries where that situation is the norm wrt the most basic needed transfers (salary and/or transfers from government institutiona) checks would satisfy a need that doesn't exist, or isn't as pressing.
--- End quote ---
This is probably what is troubling people about the concept of someone writing themselves a cheque to transfer money between two accounts they hold. :psyduck: What purpose is served by using a slip of paper as an intermediary?
--- End quote ---
I have to admit that I was ... blessedly ignorant ... of the very existence of the practise until this very moment? :psyduck:
Edit: And I've just now groked that this was the very example of Awkward's that confused Tova. :facepalm:
theMarc:
Pintsize is a Concern Hydra: every time you ask him a question, two more are raised by the answer.
Zebediah:
The real question is: How is Pintsize still allowed to enter Canada?
I suppose it’s possible that he isn’t any more, which is why he’s so willing to part with his CAD.
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