4 ms·
A few months ago someone sent me like 5 or 10 dollars on Cash App. Imagine my great surprise upon learning that in order to transfer it to a bank account I had
by Tommstein 3y ago
A few months ago someone sent me like 5 or 10 dollars on Cash App. Imagine my great surprise upon learning that in order to transfer it to a bank account I had previously transferred money to, I now had to give my bank login details to some Plaid assholes I had never even heard of. Cash App support was 100% useless ("just follow these steps that are the exact way you're ending up with Plaid's demand for your bank login credentials!"), but I eventually found some workaround on the website or something. And that was the last time I will ever use Cash App, they and Plaid can both go die in all the fires.
- Gare 3y agoMaybe I'm missing something, but in EU you can just link your debit or credit card to similar apps. Why would they need a bank account?
- withinboredom 3y agoUnlike here in the EU, those costs are capped by the government (sending money through a card) and are nearly free (if not actually free). In the US, only slow (~1-2 day bank transfers) are free, and sending money via a card actually costs quite a bit of money (2-5% of the amount). Also, unlike the EU, if someone has your routing number + account number, they can literally just take money out of your account without your consent (with only a 1-2 days in which you can 'stop payment' on it -- once it is complete, you can never get the money back). At least with my EU bank (Bunq), if someone were to do that, I'd have 5 days to decide whether to approve or deny the transaction.