A bit off topic but just in general: (Applies to all companies dealing with debit orders, banks etc...)
Why is it possible for a company to debit your account for an amount other than what you authorized?
What is the effective maximum amount that could be debited if someone really wanted to?
Why does it take "10 working days" to replace the funds? (I can do an EFT a lot quicker than that...)
Where does those funds reside for the duration of the "10 working days"?
With the company?
With the bank?
Or in limbo in cyberspace somewhere?
If I do an EFT to an account with another bank it can take up to 2 working days for the funds to appear in the recipient's account.
But the funds immediately disappear out of my account.
Again - where are those funds for those 2 days?
We are living in an electronic age.
Why can transfers not happen instantly?
(Please excuse me if my questions sound ignorant, but I am not an 'expert' on the banking or financial sectors)