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praptak

Fortunately I can review direct debit consents and revoke them via my bank's web app UI.

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I've seen such features on business accounts (Wells Fargo ACH Fraud Filter, JPMorgan ACH Debit Block, etc).

What bank allows that on a consumer account?

Every bank in Germany allows you to dispute transactions done with Debits.

And they make it as difficult and hidden as possible. At the same time they advertise to "support sepa now" as if it's something new while by law they have to process such transactions within two hours for over 10 years now.

At ING it's just a button click. It's directly next to the transaction on their app.

ING is Dutch, not German.

There's also ING in Germany. They are super famous.

They are not called Ing Diba anymore.

Barclay is there now too, London and Amsterdam are taking over.

I use mbank.pl (Poland, EU regulations apply). What do consumers do if they have accounts in banks which don't have this feature in case they want to revoke DD consent?

Mercury's personal banking product allows you to reject ACH transactions before they clear. They also allow you to generate virtual account numbers, so you can easily cut off an entity without having to change your main account number. Unfortunately Mercury charges a monthly fee.

That's pretty cool! I didn't know about that.

For anyone curious, the fee is $240/yr.

I used Mercury when I had an LLC and had a great experience. It feels like they're the only bank that's not 10 years behind in technology. I've never tried their personal banking, but the ACH denial power makes me a lot more curious.

Probably every EU bank: https://docs.adyen.com/risk-management/chargeback-guidelines...

SEPA Direct Debit (the standard way to debit accounts within the SEPA, i.e. roughly "Europe/Eurozone") gives you 8 weeks to revert a debit that you disagree with. Whether a bank exposes this in the UI or not depends on the bank.

https://monzo.com/help/payments-getting-started/cancel-direc...

Even if that's the case, why even put yourself in that position in the first place?

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