niallpaterson

9 ms·

31.
by niallpaterson 13y ago
That's cool. Business accounts aswell? CU's seem much more developed in the US. I think if you were to look at the three things I mentioned - online, non profit and open source, non profit is the one I think is least differentiabl
32.
by niallpaterson 13y ago
- Open Source - Online (no physical presence) - Available 24/7 - Checking account - Debit card I think people have seized on the non profit word here. I think credit unions and this would be non profit in different ways if that makes s
33.
by niallpaterson 13y ago
Agreed, I think it would make most sense to keep it really simple for now. So like a checking account at heart. No loans or anything like that. I think that's what most people would need - if you need a savings account you don't n
34.
by niallpaterson 13y ago
That's pretty nice. Is there some kind of online/mobile setup for adminstering? Also actually, do they do business accounts?
35.
by niallpaterson 13y ago
That's pretty nice. Is there some kind of online/mobile setup?
36.
by niallpaterson 13y ago
Will do. Is that setting up a bank from scratch though? Partnering would/should remove a lot of the logisitics.
37.
by niallpaterson 13y ago
See how simple do it in the US? They've a partner bank, which handles that side of things. I'd be optimistic the same could work.
38.
by niallpaterson 13y ago
current account = checking account in US terms :)
39.
by niallpaterson 13y ago
My issue with Credit Unions is that they don't offer stuff like current accounts, atms etc, are really open, are exceptionally slow at allowing you withdraw. That's just my experience, but I don't think you could actually ban
40.
by niallpaterson 13y ago
I can see why you're linking credit unions with the non profit thing, but I think the non profit thing is there, for me at least, as more of a statement to show aims, so not nessecarily the same reason why a credit union is non profit.
41.
Ask HN: Sick of your bank? Want to build a open source, non-profit, online bank?
60 points by niallpaterson 13y ago|89 comments
42.
Phosphorus - Intelligent Lightning Fast Redis storage for JS.(github.com)
2 points by niallpaterson 13y ago|0 comments