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Comment The US of competition and better value... (Score 1) 416


Here we are, in 'old Europe', having done away with checks in the late 80s, credit cards were really never that popular (I've never paid a single bill with it) and we're used to full electronic banking since the mid 90s. In the Netherlands we have had direct deposit and direct debit for ages.

So, yes, you can set it up so that any company can take whatever it feels you owe them and yes, it only takes one call to the bank to reverse it.

But I've decided against it.


Since I can't tell my employer to let me just withdraw whatever I feel he owes me, why should a supplier to me be able to do just that?

One picture is worth 128K words.