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> In most other countries, the worst you can do is deposit money. So in the EU, anyone can indeed pull money with your account number (and with RTP that may ch
by amaccuish 1y ago
> In most other countries, the worst you can do is deposit money.
So in the EU, anyone can indeed pull money with your account number (and with RTP that may change someday). But we can also revoke any such direct debit within a certain period of time.
I had to do it once, over my banking app, money was back the moment after I clicked.
- baobabKoodaa 1y agoI live in the EU and this is the first I'm hearing of this. I don't think this applies to "the EU" as a whole. Not sure where you're from.
- amaccuish 1y agoIt's a SEPA thing.
- baobabKoodaa 1y agoFinland is part of SEPA and we definitely don't have the ability to pull money out of someone elses' bank account without permission, using only the account number.
- amaccuish 1y agoYou're not a business. Businesses can.
- baobabKoodaa 1y agoNo, businesses can not pull money out of a Finnish bank account, using only the IBAN number.