3 ms·
How exactly are they able to extract money from your account just from having account number and your name? Does this mean I can, too? (I assume you don't give
by throwaway290 4y ago
How exactly are they able to extract money from your account just from having account number and your name? Does this mean I can, too? (I assume you don't give them your password, and even then an outgoing transaction requires an OTP.)
- Gasp0de 4y agoIt depends on what country you're in but in Germany this is possible. Businesses can just withdraw from your account. You can dispute this for a number of weeks though and can get it back. The business then needs to prove that you authorised them to withdraw the money.