Thursday, March 16, 2006

banking system

Washington Mutual, that’s my bank! Almost all the desi’s around have an account in it and y not? It has a scheme for desi’s 1.No minimum balance 2.No monthly fees And I bet these two things are enough for a desi to open an account, but hey it has catch, is doesn’t have a concept of net transfer!!!! (So basically you use the netbank to see the statement) At first I thought this feature was missing only in this scheme, later found out the bank itself doesn’t have this facility! So even if you are a premium customer of WAMU, your netbanking will not have this feature…. So how do I transfer money to someone here??? Use cheques!!!! and you pay for the damn cheques!!! (how developed…) When asked the banker about this problem she says there are two ways to transfer money 1.Pay the person a cheque (really innovative guys… I never knew about this system huh! ) 2.Your name should be added to the account to which you are trying to transfer money (wowie- so I add my name to all the accounts to whom I think in near future I will transfer money!!!) Bharathi says Bank of America has net transfers but then, it is only between accounts of bank of America!!! (That’s better but still…) hmm... banking.................india is better mobile...................india is better publictransport...india is better(getting into one is a different question... atleast the damn thing exists)

34 comments:

Anonymous said...

hee hee sounds funny..enjoy panunga!!
-shri

Deepak said...

Find a bank that does free online bill payment...also credit unions are much better when it comes to banking.

senthil natarajan said...

@shri - r u sri??
@deepak - dei i just feel that we pay for basic things...

NaiKutti said...

ur 3 lines abt. banking, mobile, and public transport sums it all :-)...

i think the developed countries have the basic stuff at a easy price and effort and if you want to take another step further u r into the premium zone... and how they define basic stuff is so damn weird :-)... and in India, they improve one particular sector to one extreme (where even premium stuff are free) while leaving the others to pitts

Sudarsan said...

Its not only desi`s da, the whole world is like that. May be in our case it is more explicit.

Add my account number to your list mate!

SamY said...

ha ha ... this is funny ... but excepting for academics, profession (work culture), vacation spots n medicine ... india is better in every way

oooooh 4got ... $'s

Anonymous said...

I never knew that u have a blog page...Accidently i came to know u have a page...

Rajesh

senthil natarajan said...

@karthick: not all developed counries are like this i reckon....but what you said about india is true
@sudar:what account number?
@samy: i seriously doubt academics now! i think europe would be equally good

Anonymous said...

who sri? i came here thru some link
-shri

senthil natarajan said...

@rajesh- brisbane rajesh a?
@shri- ok!

Shan said...

yabba un scene thangalai da.. Indiala irundha india apdi india epdinu solre.. america pona america apdi america epdi nu solre! afghanistan la internet banking ellam irukkam.. poriya?

senthil natarajan said...

@kitten: "To blog or not to blog. To be pretending to be busy or to stay real and write a few words. Geez.. what a hypocrite I am :)"
then
"Warming up.. 1.. 2... 3...."
idhelaam scena therilae da unuku... hmm ellam my time da..
moreover what i wrote is what is happening here...

Gopalan Ramasubbu said...

How about Bpay and Phone banking?

Ponnarasi Kothandaraman said...

Senthil, I guess U r too much involved into american stuffs... :P
Gavanam'ba... Gavanam. :))

Deepak said...

Actually Washington Mutual does have free online Banking ... :-).
Trust fever to miss it!!!

senthil natarajan said...

@anachi- that is there anachi
@ponna- hee hee apidi laam ila
@deepak-do u know the difference between net transfer n net banking...hee hee

Sai said...

Machan u missed the cable television network,hope to c that in your next post.--Sai

ambi said...

chinna pulla thanamaa ella irukku!

pesaama, neengale nerla poi concern party kitta money kuduthutu, oru vaai saptutu vanthudalam... he hee epdi namma idea?

Hi,firzt time here.. good post.

senthil natarajan said...

@sai - adhu enna da?? i din know
@ambi - hee hee! thanks for visiting

tamizhan said...

Maapu, oru money order anuppu.. :D

Ponnarasi Kothandaraman said...

Senthil, You are tagged. Pls check out my blog to know more..

Suman said...

dei.... wats ur problem in life......
rite from day one u keeep complaining.....

every system present (both in india and US) is formed based upon excessive study and analysis....
just coz... the way u see it is rong... it doesnt mean tht u have to keep cribing abt it...
if u find their system pathetic...
y cant u send ur comments to them??? they wud have a mechanism to receive feedback??? did u ever send anything to them???
it might be used for further study to make the system better.......

online banking in india is just comming up..... and they are trying to encourage people to use online money transfer.......

and if they charge right now for basic stuff...... its not possible to pull people to online banking.....

it wont take long b4 banks in india to charge for money transfers....

i am not biased with US.....
but since india is starting to comeup with new things... it wud have to be a lot more attactive to increase user base....

senthil natarajan said...

@hw- hee hee nakala
@pk- as usual! will post soon
@suman - i am not cribbing! i am only saying what is happening here!
a. It is not only in india you will find all these facilities
b. I don want this system to change, i give a damn... n moreover i guess i can write whatever i want to, as long it is authentic
c. no necessity of u getting tensed da... hee hee take it easy man

suman said...

nothing to get tensed machi... i just feel.. tht everything needs to be looked in a broader sense......

may be u havent looked into every aspect...

Anonymous said...

Hello Senthil,
Why no Blogs for the past five days. Hope you've started working.Anyways keep us updated about the happenings.

senthil natarajan said...

@suman - broader aspect eh? wogey da sure.. :P
@subbu - i reckon this is subbu...ada paavi enna ipidi kalasura

Shan said...

Suman got it bang on.. 'what is ur problem in life' hee hee.. onra renda..

senthil natarajan said...

@kitten: i knew this was coming from you...esp after suman commented!
so yeah! i indeed know u well...

these ppl here (incl suman) have got used to it so much that, they are thinking this(US way) is the best way to do things!!!!

suman said...

hmm.....who said anything abt US being the rite or best way to do things????????
as i said b4 in india things r free cozz its just comming up.... it wont tke long for all the basic stuff to be charged there........
everything starts as free to get people addicted to the features....

senthil natarajan said...

@suman - dai, as i told you... i am not talking only about india...

Vidya said...

BofA has a lot of features except for bank to bank transfers. Well, that too is available if you are willing to pay the money ! :)

Interesting to read a post about our very own WAMU !

Vidya

Rambler registries said...

that was a funny post, interestingly i gotta job at WAMU but didnt take it up. i didnt hear abut WAMU till then and of late suddenly am hearing all abut it. yup i have seen ads of this bank overall they make a lotta money outta you than you do from them. thas the catch here.

senthil natarajan said...

@vidya - hmm... pay for every thing...!
@satya - i think wamu is not all that popular at the east coast...

sathyus said...

check my bank ... greate texas federal credit union... we can transfer between our accounts!! and its wonderful interface,..and hey... bank of america is great....coz i am a customre :P