Seriously why does it take “3 to 5” business days to take the money from my account when it’s all handled electronically?
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This is mostly a US thing.
In Canada, we e-transfer funds using your email address and it’s instant. The limit is $3000/day. E-Bill payment (and automatic payments) are practically the default means for stuff like utilities, etc. I can’t think of the last time I used a cheque in the past few decades – perhaps a void one just to have the banking info.
I was in the US recently and was shocked that tap/PIN isn’t a thing – folks still take your credit card and you manually sign, or you sign with your finger on the pad. I felt a little weird letting the wait staff take my card.
In Canada, if the price is over a certain amount (was $100 but I think raised to $250), you put your PIN after you tap the card.
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