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September 24, 2012, 11:19:03 PM |
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Hello all
I'm planning on opening an account with an online trading firm called Zecco. I'm located in Europe though, and they charge $50 for an international wire transfer (yikes!). ACH transfers are free though. Is there a way for me to pay some company or person in bitcoins, who then send send the amount, converted to dollars, to an account specified by me using ACH? I don't really know how ACH works, if it's just an account number I need to be able to send funds, but I've read that transfers are reversible for up to 60 days, so I guess the party I buy the service from will have to be trustworthy.
Any reason why this can't be done? $50 is really a ridiculous fee, and might make my trading unprofitable considering I need to get the money back again, which is $100 in total, and then the intermediate banks will probably also take a cut.
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