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Giving away your bank details

9 replies
Found 3rd Oct 2008
If i want someone to pay me by bank transfer, how safe am i giving away my details?

What's the worst thing that can happen by someone having my details?

Thanks

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9 Comments

they could put lots of money in your bank acc.


actually, i dont know. anyone? what COULD happen?

You could try it the other way around to see what happens. Are you ready to put your savings into my bank account?


Bank transfers are actually very safe. We have sent money over to relatives in USA recently this way.

shanecr;3105493

they could put lots of money in your bank acc.actually, i dont know. … they could put lots of money in your bank acc.actually, i dont know. anyone? what COULD happen?



I use BT all the time and have never had a problem

Think the absolute worse that could happen is they set up a direct debit onto your account (not to draw money into their account, but to pay for something). It's no big problem if they do, cos you are covered by the bank, and they would re-credit any money taken as you haven't organised the DD.

At the end of the day, you give someone a cheque and it contains exactly the same banking info, if not more.

Banned

depends what bank details you give...............

It's only the same details as are printed on a cheque you'd give.

As long as you don't give your pin etc!!

You can't lose any money by giving your bank details to someone.

In theory, they could set up a Direct Debit to pay a company, but you would be covered by the Direct Debit guarantee, so any money would be returned.

Edit: Beaten to it.

Edit 2: You only have to give your Sort Code and Account number.
It is best to give your name as well so that the cashier(If paying over the counter) can cross reference it.

Isnt there a clause in the account terms about being responsible with your bank details? A cheque is one thing as its an official bank approved document. The account holder actually giving the details away either via email or otherwise may constitue something different.

Never actually know anyone to have problems this way though, but thats why I use PayPal just to be on the safe side.

Cheers.

thesaint;3105536

You can't lose any money by giving your bank details to someone. In … You can't lose any money by giving your bank details to someone. In theory, they could set up a Direct Debit to pay a company, but you would be covered by the Direct Debit guarantee, so any money would be returned.Edit: Beaten to it.Edit 2: You only have to give your Sort Code and Account number.It is best to give your name as well so that the cashier(If paying over the counter) can cross reference it.



If doing a BT you would need the name on the Account that you are transferring to, Sort code and Acct No., doing a BT is as people have said very safe. The only problem and remedy already mentioned.

Original Poster

thanks for the replies
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