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This is not how bank accounts work at all. "Regulation E". Bank accounts are not bearer bonds, and the system is not meant to be impervious to unauthorized tran
by mindslight 3y ago
This is not how bank accounts work at all. "Regulation E". Bank accounts are not bearer bonds, and the system is not meant to be impervious to unauthorized transactions. Your vulnerability/responsibility essentially ends at checking your statements for unauthorized transactions.
- c0pium 3y ago> This is not how bank accounts work at all. Of course it is. It is allegedly the case that you are correct. It is actually the case that using the system is incredibly painful, and hard to understand, and lots of people end up in a terrible situation because of it.