Re:Dwolla is going to eliminate ACH
by dredmorbius on Tuesday May 08, 2012 @07:13PM
(#3946278)
That's generally not how automatic debit payments work in the US.
Too: even when getting a direct deposit authorization for an account, you are almost always (US) also allowing withdrawals from your account, in the event the depositor claims they made a deposit in error.
Increasingly, banks seem less secure and more porous when it comes to holding my money.
This costs the company money and a lot of paperwork, so the threat of doing it is often enough to get them to sort themselves out.