> I’ve been able to wire transfer money without having to worry it might disappear
I thought that was the whole point of banks - does money randomly disappear when people do wire transfers?
I thought that was the whole point of banks - does money randomly disappear when people do wire transfers?
That’s how I found Mercury. I was looking for a bank that wasn’t amateur hour. Once I had an account the money showed up overnight.
I still don’t know if Nat even got his original $10k back. I hope so. But yes, the failure mode is very much “if your wire transfer details are wrong, the money is just gone”. Apparently.
It seems obvious to me, if you send money to the wrong account, it's not your money anymore.