Re:The debit card fee driving US banks crazy
by Symbiote on Friday January 30, 2015 @09:42AM
(#8972195)
That was my point though — British banks don't post each other cheques on anyone's behalf. There's an older BACS system for electronic transfer, and a newer one called Faster Payments.
The numbers show 13× as many electronic payments as cheques, and I can believe 10 electronic payments per person (salary, six or seven bills, couple of credit cards, plus business use).
The numbers show 13× as many electronic payments as cheques, and I can believe 10 electronic payments per person (salary, six or seven bills, couple of credit cards, plus business use).