Hacker News Reader

I guess that will change next year with SEPA: http://en.wikipedia.org/wiki/Single_Euro_Payments_Area

The German equivalent is called ELV/Lastschrift and allows you to retrieve money from a bank account, but the owner can revoke that within a few weeks.

View on HN

Japan also has a system to automatically withdraw money from someone elses account, eg for rent, but requires the account owner to authorize the other account first. does germany not have that step?

Reply on news.ycombinator.com