Comment on How prevalent are cash transactions in the USA?
jacksilver@lemmy.world 1 month agoI thought ACH transactions were typically free too, hence why large transactions typically use them.
Comment on How prevalent are cash transactions in the USA?
jacksilver@lemmy.world 1 month agoI thought ACH transactions were typically free too, hence why large transactions typically use them.
The_v@lemmy.world 1 month ago
Depends on where you are. In Europe they are free and checks have a surcharge.
In the U.S. they generally charge a small fee or do other shenanigans. Example: Intuit puts the money in a holding account for 5-7 business days before delivering (guess who keeps the interest).
If sending an international ACH there is always fees even if they are hidden in the exchange rate.