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Electronic transfer isnt much use if you have several accounts
No matter how many accounts you have, for me EFT means no costs on getting the money, no need to rely on unreliable postal services and getting the money faster. If that would mean I'd need to shift money between accounts, so be it.
I forget :(
I highly recommend going direct deposit.
If something comes up (like a hospital stay, vacation) it is nice not to have to worry about the mail box.
I was away last winter (when I knew what those checks looked like) and it took 3 months for them to get the check to me.
Mine are from London Docklands I thought! Maybe not - must look closer.
Oh yes... Very funny... I meant 10k = 5400 uk pounds!
Actually its worse!
Live mid-market rates as of 2006.11.13 20:50:15 UTC.
10,000.00 USD United States Dollars = 5,260.82 GBP United Kingdom Pounds
1 USD = 0.526082 GBP 1 GBP = 1.90084 USD
Courtesy of www.xe.com/ucc/
Thats why we go to new york for cheap shopping trips. Everything in the US seems to be about half the price it is in the UK! But it means that the google dollars are worth half as much because the dollar is a weak currency. We have to work twice as hard to pay the bills! I should move to the US or even better my GFs home country (former yugoslave republic) because 40 dollars was her weekly wage as a maths teacher! I would be rich if I lived there...
[edited by: Genuine1 at 8:58 pm (utc) on Nov. 13, 2006]
I have my checks sent via DHL,
DHL sucks big time since they were bought by Deutsche Post. I really don't know why it's fallen apart so much (in Europe).
In the UK they seem to have lost delivery drivers of years.
Only last week I complained since their web site said they had tried to deliver a package twice...rowlocks.
Someone actually entered that info on their web pages yet a supervisor admitted that it was incorrect since they had been, supposedly, trying to telephone us.
I used to be a DHL fan, no more...
I found out the hard way that with my bank you need to always ask for "direct credit". Most clerks know it and do it on their own, till I ran a while ago into one that didn't do it on her own ...
Result: instead of having the money the next day, I had it after more than a month. And instead of charge for depositing a foreign check of something like 15EUR, the costs where about triple the normal charge.
Technically you need to be in good standing with the bank as they hand you money they aren't really sure they'll get from whoever is paying you, and might need to ask it back should the check bounce. But apart from the juniors in the bank needing to ask their supervisor there was never more permission than that involved in with the amounts on the checks I deposited. [Note my GOOG adsense is done with EFT, this is from other programs]
Typically companies in the US can wire money to our accounts easily enough, but some prefer to use the old fashioned check instead.