ive been asked to give someone my bank details so they can pay some money in for me is there anyway with this information they could clear my account as you can tell i dont trust them as they have owed me money for a long time
2006-08-27 22:27:33 · 24 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Ask yourself why they would they want your bank details when they could pay you cash, give you a postal order or give you a cheque,
Never give bank details to anyone let alone someone you don`t trust.
I think the way people have pounced to answer this question should give you a clue :o)
2006-08-27 23:42:12 · answer #1 · answered by Spanner 6 · 0⤊ 0⤋
It's not totally unsafe to provide your bank account number and sort code.
It depends how well you know your debtor. Is that person likely to be into identity fraud? It's unlikely. The person owes you money and is obviously saying that he/she wants to pay you directly into your bank account. It's a very easy and quick method to pay this way, however, if you really don't trust this method of payment by this person then you can insist that they pay you with a cheque or in cash.
If a person were to try to use your bank details to obtain money from your account he/she would have to also fake your identity at the bank and these days that should be quite difficult to do.
2006-08-27 22:46:50 · answer #2 · answered by philturner66 3 · 0⤊ 0⤋
They would know what bank you have an account with and what branch the account is at. They do not necessarily know what other banks you have an account with, nor do they know how much money is in the account or how much can be taken out.
If any fraud actually exists, the most likely people to commit the fraud are the bank staff at the branch. These people are the weakest link. Private banks generally do not proliferate branches, and keep a tight control on exactly who knows and can gain access to your details at the bank. (in order to prevent the kind of fraud that I am referring to)
The person who you give your bank details to will be able to deposit money into your account, without you knowing exactly who has put the money into your account.
2006-08-27 22:56:19 · answer #3 · answered by James 6 · 0⤊ 0⤋
Giving somebody you bank detail is only slightly dodgy, but there is still a degree of trust in what you are doing. In essence, giving them those details is a small step in the right direction towards being ripped off - but there's still a way to go.
They are still going to have to prove, at some stage, that the are you.
Consider - your bank details; A/c number, sort code and bank are on any cheque that you give somebody.
For more information:
http://www.identitytheftprotection.org.uk/
2006-08-27 22:32:34 · answer #4 · answered by Felidae 5 · 1⤊ 0⤋
You give out your bank details to strangers all the time, unless you never use switch or write a cheque. The details needed to pay money into your account are your sort code, account number, and name. These are on every cheque you write, and also on your switch card.
Whilst it's certainly not a good idea to make this information public, it's also not particularly dangerous.
2006-08-27 22:54:21 · answer #5 · answered by Graham I 6 · 0⤊ 0⤋
Why would you want to give someone you bank details who you dont trust.
Your bank, I assume, will need to see proof of address if he she was to pull a fast one.
As long as they dont know your signature, or you did not sign the paying in slip you should be fine I think. They will need to sign the slip in front of them (the cashier at the bank or teller). The bank already has a copy of your signature.
if he/she was to pull out all your money, they will definately need proof of ID and sometimes, if you are in UK at HSBC you need a cheque to withdrawn money over the counter.. for security and put the value of the amount to withdraw on the cheque.
Please dont tell me they have your bank card.
if you have internet banking, transfer your money to your saving account or something ..this will move immediately.
2006-08-27 22:35:30 · answer #6 · answered by Rebz 5 · 0⤊ 0⤋
It would be more risky if they had your card details and the security code on the back.
Your bank will ask for ID or ask security questions, the password on your account is usually your mother's maiden name by default - you can go into your branch to change this, in this day and age i would recommend it as all anyone would have to do would be get a copy of your birth certificate to find that out.
YOU COULD ASK THEM TO WRITE YOU A CHEQUE FOR "CASH".
2006-08-27 22:41:25 · answer #7 · answered by bambam 5 · 0⤊ 0⤋
Besides the fact that they may be able to take your money, they may also be able to gain other information about you. I have had my identity stolen and it all started with me losing my debit card (actually it was stolen) but just me losing that card my identity theft started. You will be surprised what people can do. You never know! Don't trust anyone with your bank information!
2006-08-28 03:23:14 · answer #8 · answered by Cristine Z 1 · 0⤊ 0⤋
NO NO NO! Do not under any circumstances, give out your bank details, if they owe you money they should give it to you, so you can put it in your bank!
If you gave out your bank details they could not only take ALL your money but they could steal your identity and get you in to a lot of debt, and a lot of trouble! (WISE UP!)
2006-08-27 22:43:27 · answer #9 · answered by ? 3 · 0⤊ 1⤋
It depends, if they have your card and pin - then yes
if you do internet banking and they know your pin then yes, but if you have kept your pins safe- then it should be okay. Just call the bank to be sure and tell them to let you know if there are any attempted withdrawls. But if you are using a credit card, this is very easy to defraud
2006-08-27 22:48:48 · answer #10 · answered by zzz 2 · 0⤊ 0⤋