Signs of a bad economy III

So, you know about all these electronic transfer scheme online, like Paypal, online only banks, etc. that lets you transfer money to and from a regular checking account, right? They establish the relationship with your checking account and authenticate your identity by depositing 2 small amount of fund, and you have to report back the sum online to prove you have access to that account.

The two amounts are normally under $1 each, most of the time, under $0.50 each. Security flaw aside the latest amazement is, they take the money back after you are authenticated. This is the first time, Payapl doesn't do that, other online banks never either.



If your company is so cheap that it won't waste $1 for account setup, it's hard for me to entrust you with my money.