Re:Cash payments above €3000 to be outlawed in Netherlands
by systems_glitch on Wednesday August 23, 2023 @11:30AM
(#37237612)
Yeah our electronic transfer methods suck. Even between my business and personal accounts, doing a regular bank transfer, it takes several days. Literally faster to withdraw cash and drive it over.
Meanwhile, if you have to do a wire transfer for a large sum of money, and the bank screws it up, they have around 30 minutes to recall it before the wire is permanently completed.
Meanwhile, if you have to do a wire transfer for a large sum of money, and the bank screws it up, they have around 30 minutes to recall it before the wire is permanently completed.