Your money in the bank isn’t your money. I always knew this, but today I really experienced this. I went to the local branch for my bank in person to make 3 wire payments for a large amount. I provided my ID, and authenticated into the account with a text to my phone. After asking me where the money came from, what it was for and where it was going, the bank refused to send my wires, even though one of the transfers was to an account in my name at another bank! The reason was simply “Because I don’t know you and it’s a large wire transfer”.
Do I need to take the branch manager out to dinner to get to know them before I’m allowed to move my own money? If you verify my ID, see me in person, and authenticate to my device, what else do you need!!
It’s always all in the name of safety and security though.
Niko
npub1vd…f4pts
2023-12-15 18:16:15
Author Public Key
npub1vdhakn0pjj728x4np26hjw3chrg4cxcup2tg6p8hlc2wkxn233pqmf4ptsPublished at
2023-12-15 18:16:15Event JSON
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"content": "Your money in the bank isn’t your money. I always knew this, but today I really experienced this. I went to the local branch for my bank in person to make 3 wire payments for a large amount. I provided my ID, and authenticated into the account with a text to my phone. After asking me where the money came from, what it was for and where it was going, the bank refused to send my wires, even though one of the transfers was to an account in my name at another bank! The reason was simply “Because I don’t know you and it’s a large wire transfer”. \n\nDo I need to take the branch manager out to dinner to get to know them before I’m allowed to move my own money? If you verify my ID, see me in person, and authenticate to my device, what else do you need!! \n\nIt’s always all in the name of safety and security though.",
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}