Re:Financial innovations brought by technology
by ikr678 on Saturday October 30, 2021 @01:39AM
(#29046264)
The 'allowing someone to take money from my account' mentality in the US has always struck me as weird framing and prone to abuse/trust issues.
In Australia, I initiate all of my payments on my side to the target account/company/etc. I am giving the money to you, not 'authorising you to take it' from my account. Having someone's bank account details only allows you to pay them, not request payments from them.
In Australia, I initiate all of my payments on my side to the target account/company/etc. I am giving the money to you, not 'authorising you to take it' from my account. Having someone's bank account details only allows you to pay them, not request payments from them.