Re:Did I just lose half a million dollars?
by axiosgunnar on Sunday January 30, 2022 @08:43AM
(#30137102)
Account numbers have checksums.
An „off by one“ typo cannot occur.
I wouldn't trust all banks to have such things in their account numbers.
Especially in the tech age where they seem to think they're beyond physical keyboard typos and OCR errors.
Re:Did I just lose half a million dollars?
by ciupicri on Sunday January 30, 2022 @10:47AM
(#30138143)
What are you talking about? IBAN account numbers have not one, but two digit checksums.
I probably don't live in the same part of the world as you. IBAN account numbers are not common here at all.
Re:Did I just lose half a million dollars?
by CRConrad on Tuesday February 01, 2022 @06:08PM
(#30170967)
That only proves that banks in your part of the world are way behind the state of the art. The one thing it doesn't prove -- I hope you didn't think it does? -- is that Crypto/Blockchain is necessary for international currency transfers (as some deluded poster here tried to argue a week or two ago).
Re:Did I just lose half a million dollars?
by hashimotonomora on Sunday January 30, 2022 @08:52AM
(#30137189)
Do you know how account numbers work in every bank in every country?
Re:Did I just lose half a million dollars?
by cecilpl2 on Sunday January 30, 2022 @10:37AM
(#30138032)
In Canada we use email for person-to-person money transfers. I transfer money to my contacts by email address. They then get an email which informs them they have a pending transfer, and allows them to deposit it into their bank account.
You can optionally register your email with the central system for autodeposit.
The fact that you have to get 10 digits right and that a typo can result in sending the money off somewhere unknown, disturbs me a lot. It's amazing how cryptocurrencies mimicked that part about existing digital money to perfection.
Give me a QR code, or wire my wallet up with an address book.