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> (And yeah, even if you are the one initiating the transfer for your own accounts, it might still be a coerced action and an attempt at fraud. Some due diligen
by latchkey 3y ago
> (And yeah, even if you are the one initiating the transfer for your own accounts, it might still be a coerced action and an attempt at fraud. Some due diligence there isn't the worst thing for what is intended to be an infrequently withdrawn account by account type.)
The difference being that I'd expect coercion or fraud to be after the fact (clawbacks), not up front denial of access.
- WorldMaker 3y agoI don't know, they say that a lot of coercion/fraud has an "immediacy" to it, either real or imagined, and in which cases (artificially) slowing things down can have a good chance at catching bad actors or giving smart people time to think outside of the "immediacy" pressure and realize that the immediacy may be a lie and that they've been caught in some sort of a scam. It can help them get out of the situation if they can blame a slow bank. I certainly can see many uses for slower withdrawals from a Savings Account. (Even when the withdrawal is not coerced or a scam, too. Slower withdrawals may slow down other sorts of reckless decisions, too.)