I had to do similar a month ago, around $20k as well. It was from my account at BofA to an account at a different bank. I did it all online, and it cost $10 and cleared the next day, so within 24 hours. I did this all online without talking to any person, though I did have to 2FA into my account.
I get that some banks might not be as competent yet, but signs look like they'll all get there in the end.
Re:Bitcoin's Use in Commerce Keeps Falling
by keymone on Monday August 27, 2018 @05:08AM
(#17850300)
is this sarcasm?
> I fail to see how Bitcoin could have helped any of this.
how about:
- not having to pay $25 (btc fee of $0.03 is confirming within an hour, $0.10 is almost guaranted to confirm in 10m)
- "frozen account" is not even a thing
- not having to speak to anyone on the phone
you must be joking.
With the price fluctuations, maybe that 20k arrives as 19k. Don’t leave it in bitcoin for too long either. Might turn into 15k.
Re:Bitcoin's Use in Commerce Keeps Falling
by coryfklein on Monday August 27, 2018 @01:25PM
(#17852852)
You're fortunate that it was processed without issue. Banks and governments have vested interest in large money transfers and it could just have easily gone the other way; they could have suspected the money and witheld the transfer and the money until you provided paper documentation of its legitimacy.
I fail to see how Bitcoin could have helped any of this.