Top 5 Unpleasant Features of American Banks Surprising Immigrants

The very developed banking system of the USA has some characteristics though. They sometimes surprise and sometimes even annoy. When you collide with problems in New York, you begin to appreciate the system of Russian banks, writes the author of the blog “50 shades of New York" on the portal Yandex Zen

Photo: Shutterstock

Payment by check

This method of payment has remained in the United States since the days when there were no plastic cards and the Internet. Surprisingly, even now checks are very popular, despite the fact that you can run into scammers.

A check can be cashed at a bank branch or even through an ATM, but then the funds are credited to the card. The danger is that bank checks can easily be forged and even void a payment.

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You cannot transfer money by phone number

In America, there is no such system of fast transfers, so every time you have to enter the full details of the recipient. It takes extra time and doesn't seem very convenient.

Only third-party applications that can be downloaded on the Internet will help to cope with this problem.

Inconvenient work schedule

In America, the banking system is widely developed, and there are a sufficient number of bank branches in every city, the only problem is that it can be difficult to get there. Most offices in New York are open from 9 am to 5 pm, and those who work full time do not have enough time to go there.

Here, local residents either have to take a day off or spend a lunch break on visiting the bank, provided that it does not coincide with a break at the branch.

Frequent card blocking

Most of all, in the US banking system, it is surprising that the cards do not have a pin code. Nevertheless, banks monitor the safety of clients' funds and keep control of each transfer.

If you are going on vacation or to another city, after the first payment, for example in a store, there is a high probability that the card will be blocked. The security service will see that the payment was made from an unfamiliar place and suspect fraud.

To avoid this, you can inform the bank that you are going to leave, and warn that you will use the card in this place.

Photo: Shutterstock

Protracted money transfer

It turns out that in the United States, if money is transferred to your account, you cannot use it immediately. You will have to wait 2-3 days for the system to check and process this payment.

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York.

In these nuances, the US banking system is very different from the usual banking in Russia.

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