Wow, no checks, the bankers/financial institutions must be giddy.
I know people will laugh and think I wear tinfoil hats, but people can think what they like. Personally I love cash and checks, barter and exchange. I don’t trust an all digital system, too much control and tons more risk for just a tad bit more speed. A bank that tells you you are safe online is lying. The leading security firm in the U.S. got hacked, but your bank will tell you that it has the “besterestest” digital security. They tell this bold faced lie even after the international system of bank transfers (SWIFT) has been taken for billions. Most companies don’t even release information that they have been hacked for weeks or months later, some don’t even disclose it.
Besides, the banks would love to sell all that data on purchases/transactions that you make. If you are going fully digital with your finances, at least use a credit union where you have a vote. I don’t know, without reading a lot more, if you have credit unions overseas.
Now I have to put my tinfoil hat back on and crawl back into my bomb shelter