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8 days agoIt’s not a perfect example. The need to pay sort of starts as soon as you put something in your shopping basket. I’m not transferring money to the cashier unless it’s cash – otherwise it goes somewhere else and eventually the store gets it.
It’s just a thought experiment about something reasonably similar, and the similarities for me start after everything is rung up and it’s time to move money.
I looked at three of the banks/brokerages I use and the results are interesting!
The brokerages present you with step by step screens, and first have you choose the “to” account. Then you click ‘Next’ and choose the “from” account.
My bank presents them on the same screen, going top down. On top you pick the “from”, and below it you select “to”.
So, despite my strong opinion, apparently there hasn’t been any consistency in my experience, granted I don’t transfer money very often.