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Disrupting Finance From Above: Wealthfront

abovethecrowd.com

Shouldn’t our access to technology and scale lead to lower rates than say Bulgaria? banking system is the Automated Clearing House network, broadly known as ACH. This supposedly “electronic” network enables people to transfer funds from one bank account to another. If you look at the graph below, U.S. fees can be as much as 4.5X

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