> On Nov 16, 2005, at 11:02 AM, Wouter van Ooijen wrote:
>
>> When I get a bank transfer from a public person I get his bank number,
>> as part of the transaction information. This is the normal practice in
>> my country, and AFAIK in most of western europe...

Common practice in Brazil too.

One think that I noticed when I moved to the US (5 years ago) is that there 
are lots of small local banks here. In Brazil there are no local banks (that 
I am aware of), only big banks such as Itau, Bradesco, HSBC, Sudameris, etc.

You pay all your bills (the ones that are not electronically paid) in the 
bank (yeah, long lines). First month I was here, I took my utility bill to 
pay in the bank and the teller looked at me with the biggest question mark 
in her face: "what do you want me to do with this bill?" - I said "what? I 
want to pay it." hehehe

Electronics Fund Transfer (DOC how it is called there) is common practice. 
Fees are very low for EFT. There is no "ATM Withdraw" fee. When you see an 
ATM machine, either you can withdraw money for free or you can't withdraw at 
all (not "compatible" with your bank).

Because most of the banks are very big, internet banking is common practice, 
and things that I see banks doing now here in the US, is done in Brazil 
years ago (at least 5 years ago).

There are really a lot of investment products for you to choose, not only 
the regular stock trade options.

Well, things that are different...

Padu 

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