I’m trying to figure out how to send $6000 from my Chase bank account to my wife’s Chase account for our income tax payment and the answer is to either:
- Write a free paper check
- Send $2000 for 3 days through Zelle
- Pay $25 for a wire transfer
America 
-
Show this thread
-
Replying to @thijsniks
It's not free because: a) It's a valuable service, therefore b) People want to profit from it America (and for the record, I'm in favor of free P2P money transfers)
1 reply 0 retweets 3 likes -
Replying to @steriana
For sure, banks charge for it because they can. Society pays for the externalities though. And in return for banking licenses and government backing, we can demand better quality of service in return.
1 reply 0 retweets 8 likes -
Replying to @thijsniks
We can demand all we want, but in America "quality of service" is determined by what people are willing to pay for, not by the government. Which is why, for example, our Internet is so expensive (and poorly deployed) compared to other countries. For better or worse.
1 reply 0 retweets 0 likes
There really is no reason why the US government should stay out of this though. The EU, Mexico, Brazil, India, and Russia all fixed it through legislation.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
at
retweets