> The money has to go somewhere: Into another bank account, usually, which is easily traceable since banks by law have to know who they're dealing with. Yes bu

> The money has to go somewhere: Into another bank account, usually, which is easily traceable since banks by law have to know who they're dealing with. Yes but you actually need to notice that it happened which requires them to actively monitor their transactions on all of their accounts. They then need to use their own time to report these transactions and wait for banks to resolve it. And that's just in the good case where bank doesn't dispute it. If they do, you now need to file official complaint with regulators or sue them. Former can probably be done by highly educated people by themselves (others likely need some legal help), in latter case you are going to need a lawyer. I'm not even sure if you are eligible to recover costs for those. Why is this better than just not allowing pulls without explicit authorization by the consumer (SEPA Direct Debit) or just asking consumer to actually send the funds (bank transfer)?