So is that why you’re all so reliant on Venmo and Cashapp?!
are"generally between $25 and $30 for outgoing transfers to a bank account within the US and between $45 and $50 for transfers going out of the US."Tbh, this shocked me to my core. I can't imagine paying to transfer money from one bank account to another.But then, if all this is true, that does explain the reliance on Venmo and Cashapp in the US. In Australia, we do have similar apps — like Beem It, for example — but they're not as popular or prevalent.
This seems very old-school… By comparison, Australians get their pay deposited directly into their bank accounts.Considering that contactless payments only really started becoming a widespread thing in the US recently , are Americans really that far behind in terms of banking technology? Or is the reality different to what I'm — and other Australians — are presuming?Judging by some of the other comments on the TikTok by Americans, I'm assuming there's a lot more to the situation.
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