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As an European, it seems amazing that you even need to automate half of this stuff/that it is a perk of a single bank. Over here nearly everything recurring is
by dtech 9y ago
As an European, it seems amazing that you even need to automate half of this stuff/that it is a perk of a single bank.
Over here nearly everything recurring is done with direct debit, in which you authorize corporations to directly and automatically withdraw funds from your bank account, and it's a required feature if you want to connect to the European payment system. (don't worry, you can charge it back in case of errors or malice)
- nfriedly 9y agoYea, here in the states we have a crappy insecure version of direct debit that I've seen abused more than once, so I don't trust it anymore. For one thing, you can't do charge backs. Once the money is gone, its gone.
- lj3 9y ago> in which you authorize corporations to directly and automatically withdraw funds from your bank account The corporations over there must be more trustworthy than the ones we have over here. I'd never agree to such a thing.
- TeMPOraL 9y agoThey're probably as trustworthy over European end as over the US end (hell, quite often those are the same corporations) - it's more that in Europe, customer protection rights make it less likely companies will make a... "mistake".
- apexalpha 9y agoIf a company makes a withdrawel that you disagree with you can log into your bank website/app and get the money back until 57 days after withdrawel. If its >57 days but <13 months you can call the bank and they do it for you. In Dutch we have a verb for it: storneren. I think it's best translated as 'to write back'. But I don't know a direct translation.