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I doubt it’d do much until the US solves anyone with your account number being able to draft it without your consent. One of my favorite things in the Netherlan
by withinboredom 5y ago
I doubt it’d do much until the US solves anyone with your account number being able to draft it without your consent. One of my favorite things in the Netherlands is that any draft requires me to consent to it or it will be denied. I have 5 days to consent.
I can’t even count the number of times in the US where I’ve had to pay overdraft fees of one kind or another due to drafts I wouldn’t have consented to if I knew it would take my account negative.
- toomuchtodo 5y agoI imagine at some point you’ll be able to disable ACH debits for your deposit account and only allow adhoc FedNow push/outbound payments, including those from payment requests. This would be parity with Netherlands deposit accounts (based on my cursory understanding of how they work).