👀 interesting!

Our banks (Australia) have gone down this path too. From what I can tell they’ve done this to limit fraudulent payments/hacking etc but I think everyone agrees they’ve gone too far and now there is a push (albeit small at the moment) for a review of their practices and allow people to decide how to spend their own money without oversight.

Also our banks can be fined by the government for allowing money transfers that support terrorism or money laundering. So I guess they are trying to protect themselves.

Unfortunately the average customer loses out with more and more restrictions. 🥲