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Yes, bait-money exists in europe too. Because of which some people are constantly moving around their accounts, or just have multiple accounts for different purposes.

Until 2018(?) this was really simple, because there where good APIs for online-banking available. All you did was adding a new account to your software and call it a day. But new security-rules for EU kinda killed them off, and banks are putting up more barriers against bank-hoppers. So at the moment it's a bit in transition.



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