Mark Jordan wrote:

>> If by here you mean North America: nope. Wire transfers are slow,
>> expensive, and a pain in the *** here. :( TTYL
> 
> 	Here in Brazil you can login in your bank's website and transfer 
> money from your bank account to another account on the same bank 
> immediately. (There are amount limits, of course).
> 	Transfer to other banks takes one day to clear out.
> 	You can do the same on any ATM.

But the Brazilian government charges a tax for every transfer (0.38%,
unless it's between accounts of the same owner), and the typical fees for
bank-to-bank transfers in Brazil are quite steep when compared to the
similar service in Europe (typically around 3USD). 

Whereas transferring funds from one account to another using a check is
usually free (like in the USA). Go figure... Just for fun, follow the path
of a typical check payment, then follow the path of an online-initiated
direct funds transfer and then try to explain why the latter is so much
more expensive (goes for both Brazil and the USA) or not even available to
the common banking customer (ACH transfers, in the USA).

Gerhard

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