Payment Method

[Mcdubjr]

My credit union gave me what they call an auto convenience check… I fill in the details myself and write it for up to my loan approval amount. I uploaded that and am bringing the check with me. It’s all approved and I haven’t been told to mail it or anything. Service center pickup. My down payment was made with connecting plaid with my routing num and account.

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[shrink]

As a PSA - I paid by ACH by connecting my bank account to Plaid during the 8 steps. The moment you connect your bank account Rivian processes the payment, without any further "confirmation."

I was going to wait until I actually had a delivery date to confirm the payment, and thought I was just setting up the ACH in advance. But no, the moment you connect your bank account in Step 7 the funds are gone without any further notice.

Yikes. Thanks for posting this. That's a bit bonkers.

I grabbed an R1 Shop configuration on 8/8 and it's still en route. It's not even at the local Service Center yet.

I'm heading out of town for the week of Labor Day and I reached out to my guide about delivery timing given my trip. He advises me to "complete all steps" and says they can't "have vehicles dwell for long." I'll need to remind him of the following verbiage in the Purchase Agreement:

"You agree to schedule and take delivery of Your Vehicle within thirty (30) days of notification to schedule."

Rivian is horrible with timing. While I understand they want to move vehicles through the SC and get them delivered, I'm not rescheduling my life to make it convenient for them. I could be even passive aggressive and use my full 30 days - but I won't do that.

I'm paying in full without financing and had planned to drop off a cashier's check at delivery. My guide (who has otherwise been fantastic) advised me to get the cashier's check and upload the photo before I leave. I think that's horrible advice and I'm NOT doing that. Too risky if something happens to that check.

I don't want to pay for the car without having delivery scheduled. I figured if I'm out of town, I could just ACH. I started using the Plaid interface in Step 7. Thankfully, it did not link to my Money Market, where the funds live for this. I clicked on one of the two accounts that did link - neither have the funds to pay for this - and it was rejected for insufficient funds. I honestly thought I could click on an account, maybe have the option to choose the funded account, and then schedule a payment date.

The immediate withdrawal via Plaid is crazy. There really should be a confirmation step.

Anyway, in my case, if I get the option to schedule a delivery date and I'm still out of town, since Plaid doesn't recognize my Money Market, I'll just fund a recognized account and then pay.

I'm also holding out on the insurance step because I refuse to pay for insurance on a car I don't own yet. My insurer said once I do have a delivery date, just give them a call and they can issue me an insurance card within the hour. I'll upload that once I have it.

 

[Tanquen]

Step 8 was open for me before finishing other steps. I think that just happens when the truck is at (or soon to be) the hub or service center.

I was told they will not take a personal check, big surprise. My credit union is not local and it will be a 2 hour drive to pick up the truck as they no longer bring them to you and they did not ask where I wanted to pick it up.

I hate to pay before seeing the truck but the ACH transfer seems like the easy option.

 

[Tanquen]

Wait, they want my account User ID and Password, to my bank account? Umm... No.

 

[Aragon]

As a PSA - I paid by ACH by connecting my bank account to Plaid during the 8 steps. The moment you connect your bank account Rivian processes the payment, without any further "confirmation."

I was going to wait until I actually had a delivery date to confirm the payment, and thought I was just setting up the ACH in advance. But no, the moment you connect your bank account in Step 7 the funds are gone without any further notice.

I felt a but disappointed as this happened to me. They initiated ACH the moment I connected the app. Wish they waited until I scheduled the pickup.

 

[Donald Stanfield]

Wait, they want my account User ID and Password, to my bank account? Umm... No.

How else do you suppose they link it?

 

[Tanquen]

How else do you suppose they link it?

Not really interested in how or why. I do not like giving out my social security number or banking account information or f's sake passwords. That's nuts. Rational or not, I will avoid that at all costs. Other services have asked to connect to banking accounts but do not ask for the password. Again. I don't really care why, but I do not see a reason to ask for that and I will avoid any service that requires it as long as there's any other way to make the payment.

 

[Donald Stanfield]

Not really interested in how or why. I do not like giving out my social security number or banking account information or f's sake passwords. That's nuts. Rational or not, I will avoid that at all costs. Other services have asked to connect to banking accounts but do not ask for the password. Again. I don't really care why, but I do not see a reason to ask for that and I will avoid any service that requires it as long as there's any other way to make the payment.

You need to log into your bank account to make the transfer. Or would you rather anyone with your account name be able to transfer 100k out of your account without a password.

Internet security is one thing, misunderstanding how internet security works is another.

 

[Tanquen]

You need to log into your bank account to make the transfer. Or would you rather anyone with your account name be able to transfer 100k out of your account without a password.

Internet security is one thing, misunderstanding how internet security works is another.

They did not ask for just my account name.

Forgetting for a moment you pretty much can't believe anything any company tells you. It says right there to give them your credentials account and password so that they can retrieve financial data. I am not going to do that if I can help it. Who knows what they and their app or their front end or their server is actually doing.

I'm glad you live in a world where nobody can draw money from your account without or apparently even with your bank account password.

I do not need to give another interface, another app, another company, my bank account and password. I'm not going to do that if I can avoid it. If there is any other way however inconvenient, I'm going to do that.

Internet security is a thing and not understanding how easy it is to circumvent and thinking that any attempts to make it more difficult are useless is definitely a problem.

Yes of course, I'd rather anyone can take 100k out of my account. Actually no I would not want that. Who would want that? I've pretty well implied, that's not what I want. Let's start a poll, who wants anyone to just be able to grab money out of your bank account?

Internet security, how does that work? Give every person, app, website, financial institution, rando that calls you up on the phone, your bank account and your password, your home address and social security number, internet security solved.

 

[mkg3]

I used ACH to make the full payment. Rivian uses a third party service called Plaid. It is the service that takes the money out of the account as soon as you sign in.

Frankly, I didn't like it but I also accept that fact that the very act of signing in is an intension to pay the amount. So not a big deal.

At some point, one has to trust who you do business with. If you believe Rivian is using untrustworthy company to move your money, or that your account information is stored and can be hacked, just get a cashier's cheque and take it with you on delivery date.

To be careful is one thing. To be so rigid that prevents one from performing a transaction based simply on the principal of not providing access is something else. Its just how you look at the medium of transactions.

For the record, I have had my credit card number hacked 3 times in the last 10 years or so. Each time, it was not anything I did online; rather, got the account numbers stolen while on vacation or in-person transaction. The problem. I believe is that, when they have the card to process while paying the bill and the terminal they use is the issue. They then used my number to charge things online.

Thankfully, it's CC, not debit cards. There are so much more built in protections for CC. Did not cost me anything other than time to change the recurring billing on CC with the new card number. We put everything possible onto our CC and pay it off at the end of the month so we never carry a balance, but do get decent amount of cash back every year.

 

[Donald Stanfield]

They did not ask for just my account name.

Forgetting for a moment you pretty much can't believe anything any company tells you. It says right there to give them your credentials account and password so that they can retrieve financial data. I am not going to do that if I can help it. Who knows what they and their app or their front end or their server is actually doing.

I'm glad you live in a world where nobody can draw money from your account without or apparently even with your bank account password.

I do not need to give another interface, another app, another company, my bank account and password. I'm not going to do that if I can avoid it. If there is any other way however inconvenient, I'm going to do that.

Internet security is a thing and not understanding how easy it is to circumvent and thinking that any attempts to make it more difficult are useless is definitely a problem.

Yes of course, I'd rather anyone can take 100k out of my account. Actually no I would not want that. Who would want that? I've pretty well implied, that's not what I want. Let's start a poll, who wants anyone to just be able to grab money out of your bank account?

Internet security, how does that work? Give every person, app, website, financial institution, rando that calls you up on the phone, your bank account and your password, your home address and social security number, internet security solved.

This isn't some random email from Nigeria asking for your bank account information in order to release your billion dollar inheritance from the prince there, it's an expected payment from a legitimate financial institution. Plaid is a legitimate banking service and it's secured by modern encryption protocols. Your information is not stored, because that's not how the payment system works. You need to enter your account and password in order to authenticate the transfer, that's just how you can transfer that amount of money securely.

There's not a whole lot more secure ways of moving significant amounts of money than what is offered by Rivian and ACH payments. It's not easy to circumvent, the payment tunnel is encrypted as are the websites using a modern security certificate. Don't follow a link from an email, type in the rivian.com webpage yourself from your browser and if you follow the links from there it is secure.

There's a massive difference between giving any random dipshit calling you on the phone or sending you an email personal banking information and logging in through your web browser and following the links from a website you know is secure.

 

[Tanquen]

Frankly, I didn't like it

Correct.

To be careful is one thing. To be so rigid that prevents one from performing a transaction based simply on the principal of not providing access is something else. Its just how you look at the medium of transactions.

For the record, I have had my credit card number hacked 3 times in the last 10 years or so. Each time, it was not anything I did online; rather, got the account numbers stolen while on vacation or in-person transaction. The problem. I believe is that, when they have the card to process while paying the bill and the terminal they use is the issue. They then used my number to charge things online.

Not about Rivian and their good friends that would never have any issue or ever do wrong. They did not ask for just my account name and giving out your banking credentials, account and password, is a deal breaker for me and there is nothing wrong with that. Not only on principle and it did not prevent me from anything other than more undue exposure. As I said, if there is any other way, there is no way, I will give anyone my bank account and password, my home address or social security number.

This isn't some random email from Nigeria asking for your bank account information in order to release your billion dollar inheritance from the prince there, it's an expected payment from a legitimate financial institution.

And they did not ask for just my account name.

Don't follow a link from an email

Why not? Not just that simple? That is what they did, should be no issues. There are no groups that spend all day trying to circumvent access to money.
" It's not easy to circumvent " Just give whoever asks for it, your bank account and password... as long as you clicked on the right link.

There's a massive difference between giving any random dipshit calling you on the phone or sending you an email personal banking information and logging in through your web browser and following the links from a website you know is secure.

Sorry, not to me. You know it is secure? I don't and do not know how anyone shaming folks for being carful could. They did not only ask for my account name. I do not need to give another interface, another app, another company, my bank account and password. I'm not going to ever do that if I can avoid it. If there is any other way, however seemingly inconvenient, I'm going to do that.

Never been asked for my password before and they did nothing to make it look like it was being taken seriously. Even though I was in the middle of a known transaction with Rivian and even if they had looked more careful/serious and the site/interface looked more or actually legit I'm not going to do that.

Yes, if you did not engage with a company first about something, do not open the email, do not click on links. Do double check links and make sure its bankofamerica.com and not bankofamerlca.com. Do use two factor authentication. Do not use the same password on all you accounts. Do not give anyone your bank account and password, home address or social security number if there is any other remotely reasonable way to get whatever it is you need.

 

[SANZC02]

I will not put my credentials in a website either. If you can’t give me the details to setup an ACH from my side then I’ll just pay with a cashier’s check which is what I did for my purchase.

I know there are security measures everywhere around the financial transactions but the less exposure I can provide the more comfortable I am. It is way easier to refute transactions when they have not been processed through my login.

 

[Donald Stanfield]

Correct.



Not about Rivian and their good friends that would never have any issue or ever do wrong. They did not ask for just my account name and giving out your banking credentials, account and password, is a deal breaker for me and there is nothing wrong with that. Not only on principle and it did not prevent me from anything other than more undue exposure. As I said, if there is any other way, there is no way, I will give anyone my bank account and password, my home address or social security number.



And they did not ask for just my account name.


Why not? Not just that simple? That is what they did, should be no issues. There are no groups that spend all day trying to circumvent access to money.
" It's not easy to circumvent " Just give whoever asks for it, your bank account and password... as long as you clicked on the right link.



Sorry, not to me. You know it is secure? I don't and do not know how anyone shaming folks for being carful could. They did not only ask for my account name. I do not need to give another interface, another app, another company, my bank account and password. I'm not going to ever do that if I can avoid it. If there is any other way, however seemingly inconvenient, I'm going to do that.

Never been asked for my password before and they did nothing to make it look like it was being taken seriously. Even though I was in the middle of a known transaction with Rivian and even if they had looked more careful/serious and the site/interface looked more or actually legit I'm not going to do that.

Yes, if you did not engage with a company first about something, do not open the email, do not click on links. Do double check links and make sure its bankofamerica.com and not bankofamerlca.com. Do use two factor authentication. Do not use the same password on all you accounts. Do not give anyone your bank account and password, home address or social security number if there is any other remotely reasonable way to get whatever it is you need.

Explaining how security works is not shaming you, get over yourself. I'm not responsible for your feelings, if you feel shamed by my posts then address whatever insecurities you have that are making you feel that way. Simply telling you the difference between what you're posting and the Rivian process is not shameful. Clearly you don't understand it even after my repeated attempts at explaining it so I'm done. Do whatever you want.

 

[Tanquen]

I know there are security measures everywhere around the financial transactions but the less exposure I can provide the more comfortable I am.

This.

Just last week I got a VPN form from a customer and they asked for my SSN. Not as bad as Taco Bell asking for it but I don't really care. I do not want to give that out unless it is totally necessary.

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