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It blows our hivemind that the United States doesn’t use the ISO 216 paper size standard (A4, A5 and the gang).
Like, we consider ourselves worldly people and are aware of America’s little idiosyncrasies like mass incarceration, the widespread availability of assault weapons and not being able to transfer money via your banking app, but come on - look how absolutely great it is to be European:
The American mind cannot comprehend this diagram
[Diagram of paper sizes as listed below]
ISO 216 A series papers formats
AO
A1
A3
A5
A7
A6
Et.
A4
Instead, Americans prostrate themselves to bizarrely-named paper types of seemingly random size: Letter, Legal, Tabloid (Ledger) and all other types of sordid nonsense. We’re not even going to include a picture because this is a family-friendly finance blog.
This is very uncommon in the US. Most major banks (I’m not aware of any exceptions) charge a fee for each outgoing wire transfer, usually $25-$30. Bank of America, Wells Fargo, Chase, and PNC for just a few examples I’m aware of, plus every credit union that has local branches in my area. Some of those banks even add a second fee at the recipient’s side for incoming wire transfer.
They often encourage customers to rely on third party services like Zelle instead for small transfers to friends and family. Many banks’ sites/apps can also handle transfers between two accounts that both belong to the same bank for free too.
Looked into it some more - I can move money to an external account via the app at no cost, but a “wire transfer” needs to be performed in person or over the phone with my bank, and there is a $20 fee. Not sure what the difference is besides the name and how the banks are handling it, but it’s the same thing. I can send money to someone at the same or a different bank/credit union for free and without relying on third party apps. Will edit my comment.