That's all they would need to do. Bring ID to the bank and pay the cashiers check fee. Everything has a fee for sending, even bitcoin.
So I have to go to the bank, prove who I am, have my ID checked, have the cashier produce a check, have it signed, have it countersigned, send it to the other person, they have to take it to their bank, have it checked by their bank, arrange with yet more third parties to actually transfer the funds, the list goes on. That's a lot of third parties who need to agree to the process, any one of which could decide to deny my request.
With bitcoin, I make a transaction, I sign it, I broadcast it. Done. There is no one to deny me anything.
well but we dont know who the owner of the other address is for sure though so it may not be just sending it to himself. it may be sending it to someone else.
Exactly! The beauty of bitcoin. Can't do that with a bank.
want fiat? show an ID.
Or just trade peer to peer.