Re:A 64-year-old put his life savings in his carry-on, and U...
by cesarb on Friday June 01, 2018 @08:27PM
(#17211757)
> Why would you risk carrying around that kind of money? What’s wrong with doing a wire transfer?
Mistrust of banking institutions. Several countries have, at some point in history, frozen and/or confiscated the money deposited in bank accounts (my country, for instance, had one of these in the 90s).
> Or just writing yourself a cheque?
As mentioned on many other discussions here on HN, several countries don't use checks anymore. And even when that's not the case, it's probable that they won't accept checks from another country.
Mistrust of banking institutions. Several countries have, at some point in history, frozen and/or confiscated the money deposited in bank accounts (my country, for instance, had one of these in the 90s).
> Or just writing yourself a cheque?
As mentioned on many other discussions here on HN, several countries don't use checks anymore. And even when that's not the case, it's probable that they won't accept checks from another country.