Why it’s so hard to fix banking: An interview with Simple’s exiting CEO

Re:Why it’s so hard to fix banking: An interview with Simple... by fjsolwmv on Saturday May 19, 2018 @11:49AM (#17108350)

There's no need to switch "accounts". All you need is account number portability, so you can switch over your direct deposit and autobillpay. If you have a low balance, you need a way to fallback, so the number can draw from both accounts, that's the hard part.

There's no need to do it in 2 days -- take as long as needed for securr setup, then use both accounts for a month.

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Re:Why it’s so hard to fix banking: An interview with Simple... by bobwaycott on Saturday May 19, 2018 @01:04PM (#17108687)

Wouldn’t that be relatively difficult to accomplish when routing numbers are tied to account numbers, as well? My admittedly naive understanding tells me account number portability would require routing + account numbers to smoothly change things. I’ve never setup an EFT/ACH transfer without being required to provide both.

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