Timeline for ACH debit blocks/filters on consumer account
Current License: CC BY-SA 3.0
10 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jul 16, 2021 at 6:21 | vote | accept | arcyqwerty | ||
| Feb 4, 2016 at 20:50 | answer | added | Jesse | timeline score: 1 | |
| Sep 14, 2015 at 0:07 | comment | added | arcyqwerty | I never said I was making financial decisions based on this feature. I'm interested in whether it's something that exists. | |
| Sep 13, 2015 at 22:21 | comment | added | keshlam | You're overprotecting against a failure scenario which is fairly rare and which has standard correction mechanisms which really aren't that much of a hassle. | |
| Sep 11, 2015 at 15:44 | comment | added | arcyqwerty | I'm aware of that fact. Checkwriting is pretty rare for me (as is providing account numbers and such). At this point, it's not a high priority concern, more of a curiosity. The idea is to potentially save a large hassle of filing disputes and such. | |
| Sep 11, 2015 at 14:22 | comment | added | keshlam | @arcyqwerty: Any time you write a check you give people that info. Yet fraudulent ACH transactions remain rare, and banks have many, many years of knowing how to deal with them. I think you're wasting time on a non-issue. | |
| Sep 11, 2015 at 5:39 | comment | added | arcyqwerty | @keshlam: If someone has my account+routing number, they're theoretically capable of issuing an electronic ACH debit against my account. Subject to any fraud detection measures, most banks will allow the draft to go through. An ACH block/filter would restrict this behavior and require explicit preapproval of ACH debits. | |
| Sep 11, 2015 at 5:36 | history | edited | arcyqwerty |
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| Sep 11, 2015 at 3:17 | comment | added | keshlam | I'm not sure what you're asking. Can you give an example of what you're trying to block, and why you can't just not authorize it? | |
| Sep 11, 2015 at 3:02 | history | asked | arcyqwerty | CC BY-SA 3.0 |