On 12/3/06, John Francis <[EMAIL PROTECTED]> wrote:
> On Sat, Dec 02, 2006 at 11:46:55PM +0800, David Savage wrote:
> > Why set up an account with a completely different bank? Do you think
> > the funds could be sucked out of your primary accounts?
>
> You're obviously not aware of the predatory habits of American banks.
> Yes - this is *precisely* what they would do.  It's cheaper for them
> to do that than to go through any dispute resolution procedure.
> And if you read the fine print in the terms and conditions of the
> account you'll find they have the right to attach any of your assets
> in order to pay of debts incurred by you or your authorised agent.
> And while you might not consider PayPal authorised, they too have
> terms and conditions which are sufficient to convince the bank.

I can now appreciate why people are paranoid about this then.

Cheers,

Dave

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