Of all the things one can miss about a country after departure, the banking system probably shouldn’t be at the top of the list. For this ex-expat, however, it is actually one of the things I miss about Germany. The banking system there has arrived in the digital age, and North America is left in the dust.
For starters: put away the checkbook. Nobody in Germany has written a check in decades. When I arrived in 2000, checks were already obsolete. I was confused at the time: how do you pay individual people when you don’t have cash? The answer: bank transfers. In those dark ages of the internet, you paid others by filling out a paper Überweisung (transfer) slip, and giving it to your bank (possible via drop-box at most branches). READ MORE »


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