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Not to mention they seem to have no problem treating it as "their" money while lending it out to other people, but as soon as someone tricks them into sending i
by chatmasta 3y ago
Not to mention they seem to have no problem treating it as "their" money while lending it out to other people, but as soon as someone tricks them into sending it to the wrong place, suddenly it was "your" money.
It reminds me of when I was a kid, my sister and I got two identical fish and couldn't disambiguate which was mine and which was hers. But when one of them died, she made sure to let me know that was my fish.
- FredPret 3y agoIt is their money. You lent it to them when you made the deposit. All you now own is an admission from the bank that they owe you $x. The whole point of getting hacked is that the bank doesn't know it's not you, so of course they'll try to get out of refunding you. There are some asterisks to this statement due to the large amount of regulation around bank accounts.
- close04 3y agoThat would imply that if the bank loans me money, and then I deposit it into a fake/scam bank I can claim that I didn't know it's not them and get out of repaying the loan. But it doesn't work that way because I'm expected to do my due diligence. So should the bank. Not knowing it's me just means they have to find a way to guarantee that knowledge. Because the failure to properly identify a client is the bank's not the client's.
- thfuran 3y ago>so of course they'll try to get out of refunding you. Yes, in the same way that companies will often try to avoid honoring their warranties. That it's in their financial interest to do so doesn't mean they can just ignore their contract with you.