Subject:
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Re: Bank (money) transfer - any experts ??
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Newsgroups:
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lugnet.market.theory
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Date:
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Tue, 12 Dec 2000 02:26:10 GMT
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Viewed:
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1260 times
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Kevin Wilson wrote:
>
> Dej'an wrote in message ...
> > .. So to get back - they keep telling me at my bank that when the
> > money is sent from US there is "swift" and "postal order" way .
> > Swift is fast and expensive one (used regularly), while the other
> > one (US bank is sending money order to my bank via regular post)
> > takes longer but is free ... it might be that this ontehr one is actually
> > International money order, but I am not sure while in this case it
> > would be sent to me, and not bank to bank !
>
> I sometimes get money orders from overseas (especially Japan) which are
> printed by Canada Post (I'm in Canada) and I suspect this is the kind of
> thing you're talking about - the person in Japan orders the MO at their bank
> and pays for it, and it gets printed here and mailed to me. I have never had
> one like this from anyone in the US, though.
I once asked my credit union about "wiring" money, and they really
didn't have a way to do it. I suspect part of what is going on is that
the US banks can afford to be US-Centric, and may also be in a poor
position to do some things because of US banking law (which still crimps
the style of banks operating across state lines, though not as much as
it used to). I have had Europeans talk about being able to do things
much easier than we can. If all of my understanding has any relation to
reality, then the non-US banks are probably just quoting how they in
general do buisiness with banks in other countries (and they may even be
able to send money to the US in that fashion).
--
Frank Filz
-----------------------------
Work: mailto:ffilz@us.ibm.com (business only please)
Home: mailto:ffilz@mindspring.com
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Message is in Reply To:
 | | Re: Bank (money) transfer - any experts ??
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| Dej'an wrote in message ... (...) I sometimes get money orders from overseas (especially Japan) which are printed by Canada Post (I'm in Canada) and I suspect this is the kind of thing you're talking about - the person in Japan orders the MO at (...) (24 years ago, 11-Dec-00, to lugnet.market.theory)
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