121–130 of 155 posts
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easy - just keep a small amount (small %) in that account.
If it doesn't look like a real account, you usually won't get whatever you're signing up for.
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This isn't at all how YC companies operate (source: I did YC), but also... Plaid is not YC.
Seems kinda weird then that they're listed in workatastartup.com: https://www.workatastartup.com/jobs/15283
What’s the worst can happpen?
Bad actor at plaid gets access to X accounts. Then sells data? Does unauthorized transfers? Create political or religious dossier on every account?
I assume my balance would be returned if someone hacked but what if they wrote checks with signatures which is fraud and that's different. My understanding is no. Fraud doesn't return the balance.
I have my money in 3 accounts. Most I lose is 33% of my total wealth.
The alternative that illegals in the area use are gold and cash and those ladies get mugged and robbed constantly because others know they stash their valuables on their neck and under their bed.
Without a bank the options are limited. Everything is online. Swiss accounts are toast. Crypto has similar problems as gold. Storage and protection is complicated.
I'm inclined to build an LLC type asset and insure the liquidity or something.
All my info can be purchased or captured through my phone or mail and that is enough info to write a check or take out a loan of $50k in my name.
I am not sure the laws and banks protect me in the event someone successfully claims to be me. I wouldn't mind mandatory in person wet signatures for anything over $1k-5k or >5% of my account
Why don’t you just ask for my blood? I can bottle it and send it over for Sama to drink for breakfast. This exactly the same shit Zuck did with Facebook. Hell with them all.
I used to use copilot.money which was a nice app. Nowadays though using a GUI is fairly tedious so I’d rather use an assistant but I want mostly personal cash flow and net worth visualization, and transaction review and this isn’t going to do it I think.
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Have you ever entered your routing+account number into HR software for direct deposit? Doesn't that qualify as handing a third party essentially the same access as Plaid gets? I think bank accounts are generally more accessible in the modern era, it's just a risk that you take. Of course, you're not obligated to use Plaid but I do find the concerns around this quite strange since you're likely exposing account inform…
Plaid wants you to enter your bank username-password into their form. If it was just routing+account it would be truly no different than other bank connection methods.