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submitted 10 months ago by I_like_cats@lemmy.one to c/196@lemmy.blahaj.zone

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[-] my_hat_stinks@programming.dev 3 points 10 months ago

Okay? But you presumably do still have an account with a bank or building society, right? So why use a third party when you can request a transfer from them directly?

[-] brbposting@sh.itjust.works 3 points 10 months ago

building society

[-] my_hat_stinks@programming.dev 2 points 10 months ago

Ironically enough it's the opposite. Banks answer to shareholders, building societies answer to its members. Building societies compete with banks, if they're unheard of in the US that certainly does explain the state of the US banking system.