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A comment on Tech Sector Feeling Covid-19’s Economic Pain. Parent comment

Re:Tech Sector Feeling Covid-19’s Economic Pain by yardie on Friday July 31, 2020 @10:46AM (#24009075)
That would be a non-standard account with a non-standard way of withdrawing money. EFT and ACH withdrawals are fully protected.

Money wires are different, all the action is sender side. Even for me, Fidelity accountholder, a SWIFT money wire takes days to set up and I have to confirm it multiple times. I get the impression the bank hates doing them and will throw as many roadblocks as possible unless you are absolutely committed to it.

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Re:Tech Sector Feeling Covid-19’s Economic Pain by SilasX on Friday July 31, 2020 @11:13AM (#24009403)
You specifically said:

>The company committed bank and wire fraud. They’ll get dealt with by the secret service and FBI.

And:

>Our banking system is trash but it’s not lawless.

My experience is directly counter to that, given that it was a non-investigated wire fraud despite being blatant and the money going to a known local address/account. Saying that ACHs are better doesn't correct those overstatements of yours.

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