Root – Programmable bank account for software developers

Re:Root – Programmable bank account for software developers by jdminhbg on Wednesday May 03, 2017 @06:17PM (#14260726)

> The US definition of a "debit card" is massively different than the Canadian one. For us, our bank card is the debit card. The same one I use to take money out of my account at an ATM is the same one I can use to buy a $1 coffee.

I keep seeing this pop up, but it's a misconception; we have these in the US too. I have one, although I don't use it for purchases (I use a rewards credit card that gets paid off monthly instead). Here's an example (hopefully Wells Fargo doesn't redirect you because you're in Canada): https://welcome.wf.com/checking/?gclid=CIzL2ong1NMCFVBtfgodb...

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Re:Root – Programmable bank account for software developers by run4yourlives2 on Thursday May 04, 2017 @03:45PM (#14268089)

It's not that they don't exist, it's that you don't have the POS being widespread enough to support it in a common way.

The Interac system in Canada is pretty much a given for any vendor that has a cash register. That automatically makes every single bank card into a direct debit card. You can choose to use it if you want of course, but it's default for all bank accounts, really.

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Re:Root – Programmable bank account for software developers by jdminhbg on Saturday May 06, 2017 @09:19PM (#14283313)

This is still very wrong. US debit cards work with any credit card-accepting POS. If you can enter 16 digits and expiration date and get a charge, your debit card will deduct that amount from your checking account for you.

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