5 ms·

Alternative title: "I purposefully tried to make a transaction that breaks the rules, it didn't end well."

by FartyMcFarter 5y ago

IshKebab 5y ago
...because their system was so awful.
- ianai 5y ago
  But why immediately do it again?!
  - Ekaros 5y ago
    Especially when there is two weeks left in the month... Like, maybe wait the same time it took your last transfer to show up just to be sure... Maybe some people just have more money than sense...
    - Breza 4y ago
      Exactly. I've used this system and your purchases show up after about one business day.
  - sgjohnson 5y ago
    Morbid curiosity?
  - IshKebab 5y ago
    Because their awful system didn't make it clear what was happening.
otherme123 5y ago
So if someone makes an honest mistake and types and extra number, it's OK to both 1) don't process any amount and 2) hold the money for two months. That doesn't feel right to me. E.g. I buy shares and mistype the ticker or buy extra. It processes but then I notice my mistake and I can either fix it by selling, or decide ir doesn't matter and keep the shares. What doesn't make any sense is the broker keeping the money for two months and not giving me any share.
- Ekaros 5y ago
  I take there is some extra step for actually transferring the money which one should verify as well. Or that would be reasonable due diligence.
- FartyMcFarter 5y ago
  I agree that the system should be better and it's too much to hold someone's money for that long. At the same time, attempting to toy with a system you don't know is a recipe for trouble.
- hedora 5y ago
  Have you ever paid taxes in the US? The IRS loves creating scenarios that lead to them incorrectly holding big wads of your cash.
  - mise_en_place 5y ago
    One of my coworkers told me a long time ago, it's better to increase your withholding allowances. That way the government is giving you an interest free loan.
    - zerocrates 5y ago
      There's a limit to how much you can do that and not owe a penalty.
      - Breza 4y ago
        Yeah, my goal with taxes is to pay within a thousand bucks of what I actually owe in a year. It's surprisingly hard to do.
  - danuker 5y ago
    That is absurd. If the government wants the money, why doesn't it just tax more?
jug 5y ago
This is the logic I don’t follow. “Here’s a site with a weird UX responsible for my money, let’s see what happen if I do something silly with it…” Dear god no. Don’t. The red flags…?
needle0 5y ago
Surprised Pikachu Face

Alternative title: "I purposefully tried to make a transaction that breaks the rules, it didn't end well."

IshKebab 5y ago

...because their system was so awful.

ianai 5y ago
But why immediately do it again?!
- Ekaros 5y ago
  Especially when there is two weeks left in the month... Like, maybe wait the same time it took your last transfer to show up just to be sure... Maybe some people just have more money than sense...
  - Breza 4y ago
    Exactly. I've used this system and your purchases show up after about one business day.
- sgjohnson 5y ago
  Morbid curiosity?
- IshKebab 5y ago
  Because their awful system didn't make it clear what was happening.

otherme123 5y ago

So if someone makes an honest mistake and types and extra number, it's OK to both 1) don't process any amount and 2) hold the money for two months. That doesn't feel right to me. E.g. I buy shares and mistype the ticker or buy extra. It processes but then I notice my mistake and I can either fix it by selling, or decide ir doesn't matter and keep the shares. What doesn't make any sense is the broker keeping the money for two months and not giving me any share.

Ekaros 5y ago
I take there is some extra step for actually transferring the money which one should verify as well. Or that would be reasonable due diligence.
FartyMcFarter 5y ago
I agree that the system should be better and it's too much to hold someone's money for that long. At the same time, attempting to toy with a system you don't know is a recipe for trouble.
hedora 5y ago
Have you ever paid taxes in the US? The IRS loves creating scenarios that lead to them incorrectly holding big wads of your cash.
- mise_en_place 5y ago
  One of my coworkers told me a long time ago, it's better to increase your withholding allowances. That way the government is giving you an interest free loan.
  - zerocrates 5y ago
    There's a limit to how much you can do that and not owe a penalty.
    - Breza 4y ago
      Yeah, my goal with taxes is to pay within a thousand bucks of what I actually owe in a year. It's surprisingly hard to do.
- danuker 5y ago
  That is absurd. If the government wants the money, why doesn't it just tax more?

jug 5y ago

This is the logic I don’t follow. “Here’s a site with a weird UX responsible for my money, let’s see what happen if I do something silly with it…” Dear god no. Don’t. The red flags…?

needle0 5y ago

Surprised Pikachu Face