The big one I want to see, is the ability to move money between institutions instantly. In 2023 there is absolutely no excuse for it taking a week from my money to move from one bank to another! Everything is digital anyway, it should take seconds at most. I'd also like to see the ability to move large sums of money between individuals, right now I can easily transfer tens of thousands of dollars directly to a corporation, but I want to send money to another individual I'm limited to about $1,000 a day. That makes it very difficult to do things like buy a vehicle from a private seller.
The big one I want to see, is the ability to move money between institutions instantly. In 2023 there is absolutely no excuse for it taking a week from my money to move from one bank to another! Everything is digital anyway, it should take seconds at most. I'd also like to see the ability to move large sums of money between individuals, right now I can easily transfer tens of thousands of dollars directly to a corporation, but I want to send money to another individual I'm limited to about $1,000 a day. That makes it very difficult to do things like buy a vehicle from a private seller.
Thank you this has been great. I'm as frightened as much as all. Cheers
I tried moving my bank account from one bank to another TFS , savings account etc they were 3 blocks apart, it took 10 weeks to do this.
Yes but you were able to do it.