Comment by vlovich123
3 years ago
Is there a way to restrict my bank to only allow incoming deposits to use this for my account? I'm scared of VULNs in a new system being abused to withdraw money quickly. Yes, I know the bank is on the hook for making me whole, but recovering from a financial issue like that is more annoying and time consuming than just avoiding it and being a late adopter.
FedNow is a push-only system. It cannot be used to pull a debit, only to push a credit.