4 ms·
>If this message gets delayed, oh well, the customer might end up with a negative balance - sucks for the bank if the customer decides to go into hiding - but a
by wut42 8y ago
>If this message gets delayed, oh well, the customer might end up with a negative balance - sucks for the bank if the customer decides to go into hiding - but as the customer typically can't control the delay - it's hard for them to abuse this feature.
Nope! When I'm just at +40€ on my account, I can get three or four times (in separate transactions) this amount in a short window of time. I have no authorized overdraft, but end-up with -80€.
- kiallmacinnes 8y agoThe bank still controls this delay, and deems it acceptable - you can't extend the delay, and use the extension to withdraw thousands and thousands of extra euros! Chances are, the costs of a real-time system, vs the cost of unauthorised overdrafts isn't a tradeoff worth fixing for them. (That and, at least here in Ireland, the banks can and do charge for unauthorised overdrafts - which is ridiculous IMHO, but that's a separate thing)