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Joined 1 year ago
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Cake day: September 25th, 2023

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  • You don’t have a human right to conversion of your property into a form that’s useful everywhere at any time, though.

    Sure, you don’t have an inherent right to any and all conversions of property to cash, e.g. real estate or shares. However, if a bank says you have xy of “Money” - the “legal tender” money, the “default”, “physucal” form of money, then a service for holding said money cannot withold it from you - that would make it not your money and that would make their service a fraud.

    I’d draw exceptions on reasonable grounds - e.g. if a bank doesn’t work, they don’t have to offer a withdrawal service at the counter. Not allowing transfer into legal tender cash (since cash and credit are defined as equivalent) cannot be overly long or convoluted. That’d be depriving you of your property.

    The “e-bank” should at least mail the money to you. It’s really not that hard. Ideally they’d partner with a traditional bank to allow such transfers. Or it could be codified as a basic inter-bank service.