So i was talking with a good friend from the US as we were doing our raid last night, he mentioned that he had to go to bank to get cash to do some shopping, pay some bills etc.
I was a little perplexed and asked why doesn't he do that all online, as in his banking / paying bills / etc After a bit of a discussion on this i came away with this info and perhaps more Americans can add to this as it quite the diifference from how we Canadians do things.
1. We heavily use debit cards. These are bank cards that you pay with (do not confuse with a Visa/Mastercard/etc), the funds come right out of your chequings/savings account. Apparently the USA does not use this much? Weird. We use these heavily to pay for things like restaurants, clothing/shopping...every day use where we used to use cash...like 25 years ago or more. Matter of fact, people rarely carry or have the need for cash.
2. We pay all bills online through our banking. We can see all transactions on the fly, I can send my brother money (IE 500 bucks) through email and he can accept and it will go right into his account.
These are the banking options Canadians use very heavily but from what I understand, our US cousins do not, which i found very strange.