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Aeolun
on Oct 29, 2021
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Financial innovations brought by technology
You can’t do this in any country that I know of. I need to explicitly allow people to debit money from my account.
jefftk
on Oct 29, 2021
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You can do this in the US. ACH only requires the numbers (account + routing) that are visible on every check we write.
nightski
on Oct 30, 2021
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Yes but if you are caught doing unauthorized ACH transfers it's not going to be good for you.
ghaff
on Oct 29, 2021
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In the case of monthly bills and related things, you authorize them once. Don't know what that looks like at the backend and what controls there are but utility companies and the like can absolutely debit money on an ongoing basis.
abecedarius
on Oct 30, 2021
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https://www-cs-faculty.stanford.edu/~knuth/news08.html
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