The initial burden is probably too high to mandate for all users, but surely you’re right and the strategy is for micro transactions. surprised though he’s going with tradition rails to piggyback on bank KYC instead of going with dogecoin wallet or something. Banks have low risk tolerances for BS.

What’s your hifi setup?

You can with some banks, maybe FedNow will eventually offer an option for all banks, but I’m not holding my breath.

The only benefit I’ve ever used was the cell phone insurance so I don’t need to pay for AppleCare.