| ▲ | verelo 5 hours ago | |
I don't think this is as unusual are you're implying it might be. I've moved funds ranging from 10k to $1m between banks in Canada much more than once, and every single time, I go to one and get a draft and drive that draft over to the destination bank. It's just easier...and its absurd. | ||
| ▲ | dcrazy 4 hours ago | parent [-] | |
When you show up to get a cashier’s check, the teller has very strong proof that you’re not a scammer sitting in Malaysia. And you’re presumably OK with waiting the 1-3 days for the cashier’s check to clear. This might be true in Canada too: the real estate industry down here is entirely dependent on wire transfers, and yet they are absolutely terrified of wire scams. Maybe if FedNow had existed when I bought my place, I could have gotten a draft slip from my bank and driven it over to the title company. | ||