4 ms·

Why can't your bank provide all these services direct to your checking account?

• qeternity 4y ago
  Because when you move money from a checking account, it's gone. You might say "ok well just hold the money for a bit" or similar, and congratulations, you've just invented credit.
  • chrismarlow9 4y ago
    That doesn't answer the question though.
    • qeternity 4y ago
      It absolutely does. I presume you're talking about transaction security, since debit cards have long existed for convenience, and again: once you send money from a checking account, it's gone. If I have a dispute on a transaction, it's far more difficult to reverse. The very nature of credit makes dispute resolution much easier.
      • orwin 4y ago
        Not the person you're responding to, but this response is clearer than the previous one.