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I've seen such features on business accounts (Wells Fargo ACH Fraud Filter, JPMorgan ACH Debit Block, etc). What bank allows that on a consumer account?
by jdadj 1y ago
I've seen such features on business accounts (Wells Fargo ACH Fraud Filter, JPMorgan ACH Debit Block, etc).
What bank allows that on a consumer account?
- NoiseBert69 1y agoEvery bank in Germany allows you to dispute transactions done with Debits.
- coretx 1y agoAnd they make it as difficult and hidden as possible. At the same time they advertise to "support sepa now" as if it's something new while by law they have to process such transactions within two hours for over 10 years now.
- SuperMouse 1y agoAt ING it's just a button click. It's directly next to the transaction on their app.
- coretx 1y agoING is Dutch, not German.
- SuperMouse 1y agoThere's also ING in Germany. They are super famous. They are not called Ing Diba anymore.
- coretx 1y agoBarclay is there now too, London and Amsterdam are taking over.
- praptak 1y agoI use mbank.pl (Poland, EU regulations apply). What do consumers do if they have accounts in banks which don't have this feature in case they want to revoke DD consent?
- jrmski 1y agoMercury's personal banking product allows you to reject ACH transactions before they clear. They also allow you to generate virtual account numbers, so you can easily cut off an entity without having to change your main account number. Unfortunately Mercury charges a monthly fee.
- mtlynch 1y agoThat's pretty cool! I didn't know about that. For anyone curious, the fee is $240/yr. I used Mercury when I had an LLC and had a great experience. It feels like they're the only bank that's not 10 years behind in technology. I've never tried their personal banking, but the ACH denial power makes me a lot more curious.
- em500 1y agoProbably every EU bank: https://docs.adyen.com/risk-management/chargeback-guidelines/sepa-chargebacks/ https://docs.adyen.com/risk-management/chargeback-guidelines...
- tgsovlerkhgsel 1y agoSEPA Direct Debit (the standard way to debit accounts within the SEPA, i.e. roughly "Europe/Eurozone") gives you 8 weeks to revert a debit that you disagree with. Whether a bank exposes this in the UI or not depends on the bank.
- nothrabannosir 1y agohttps://monzo.com/help/payments-getting-started/cancel-direct-debit https://monzo.com/help/payments-getting-started/cancel-direc...