Giving my banking details to someone on adverts?

workaccount

Hi,
I need to accept payment for an item and then will need to post to that person as they are remote to me.


I've arranged payment before by giving people my account number and sort code and did not have any problems but I'm not sure it's such a great idea anymore.

All I'd be giving is my sort code and account number - Is this foolish?

Thanks.

rubadub

I have done it many times myself. My sister and a few mates work in banks. They said the worst that can happen is people can pay into my account.

People working in the bank have your a/c no. & sort code and could sell it to criminals if it was worth knowing, but it is not...

People get overly worried with stuff like that. I was wary of giving my ebay password to a sniper company, but when I thought more about it the worst they could do is log on and bid on things I did not want. There was no way for them to make money on it. Unless your paypal or other accounts use the same password of course!

HarryD

I often do it without any problem.
When you write a cheque you are also supplying yer bank details.
I don't think there is much they can do with it, except deposit funds

workaccount

HarryD wrote: »

I often do it without any problem.
When you write a cheque you are also supplying yer bank details.
I don't think there is much they can do with it, except deposit funds

True about the cheque actually.

jim_bob

do you not remember what happened to jeremy clarkson :P

http://news.bbc.co.uk/1/hi/entertainment/7174760.stm

Random

What jim_bob said. If you're with AIB setup an online savings account and use that. They won't be able to setup any DDs on it and you can transfer into your current account instantly

jor el

jim_bob wrote: »

do you not remember what happened to jeremy clarkson :P

http://news.bbc.co.uk/1/hi/entertainment/7174760.stm

That's a flaw in the direct debit system though. The banks don't check if the account holder actually authorised the payment, simply because they know who the funds are going to, and it's not likely that a scammer will have DD facilities. A fraudulent direct debit can be reversed, where as if someone actually took the cash out of your account, it would not be reversible.

JJ

Bank transfers are the norm in continental Europe. I sold something to a German buyer on eBay and they paid by bank transfer. I had to give my IBAN and BIC that situation. You can find those on your bank statement.

oneweb

I've sent payments using IBAN/BIC before without trouble (thankfully!)

Some Polish mates were surprised that we still see them as unsafe - apparently they use them all the time!

I haven't used it as a seller though, yet.

Blue_Wolf

workaccount wrote: »

Hi,
I need to accept payment for an item and then will need to post to that person as they are remote to me.


I've arranged payment before by giving people my account number and sort code and did not have any problems but I'm not sure it's such a great idea anymore.

All I'd be giving is my sort code and account number - Is this foolish?

Thanks.

I have a 2nd bank account specifically for funds to be transferred into, once funds are in I than transfer into my other account by using banking online. Rubadub has pointed out that there are no risks at all but sure the way I do it is 100% secure and was no hassle for me to set up :pac:

Blue_Wolf

jim_bob wrote: »

do you not remember what happened to jeremy clarkson :P

http://news.bbc.co.uk/1/hi/entertainment/7174760.stm

haha he should stick to talking about cars!

Bob Z

workaccount wrote: »

True about the cheque actually.

A cheque is actually worse because you are giving your signature too

the_syco

I find it safe enough. I've done it a few times, sending money to people. They then know they have the money (internet banking), and can post me the package.