fp.

Ultimately the money is stored in actual banks. We're stuck with "fintechs" because banks seemingly can't/won't modernize and the government won't allow new banks to be created.

bix6•1h ago

$240/yr what?

hardwaresofton•45m ago

You’d be surprised how hard it is to find an API driven bank account. They might be able to charge this just fine, maybe they could charge even more.

Automating my bank account is definitely worth that to me, and probably others as well

[EDIT] aaaand in ~17mins I’m signed up and have put in a wire to fund the new account already.

Easiest decision I have made today. <$24 a month for an API to my bank is a price I am certainly willing to pay — I expect I’m not alone.

Well done Mercury.

prodigycorp•27m ago

Mercury's customer data breach was soooo damaging.

For those unaware, there was a breach at mercury that gave attackers the following information (from their site):

  - Business and Beneficial Owner Information:
      - Name(s)
      - Phone numbers
      - Addresses
      - Email addresses
  - Account Details:
      - Overall account balance
      - Business bank account numbers
      - Business EIN
  - Transaction Information:
      - Entities you transact with
      - Sender and receiver’s address
      - Account number
      - Transaction amounts

Despite all that, a web search does not reveal a post-mortem by Mercury. I don't know why you'd trust them.