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Statement of Benefits requires BiC and IBAN

  • 04-04-2017 10:51am
    #1
    Innocent123
    Registered Users, Registered Users 2 Posts: 37 ✭


    Hi,

    can anyone advise why its necessary to supply such information on the statement of means form? I have no objection to the request for the amounts held but what use is this information?


Comments

  • #2
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,876 ✭✭✭The J Stands for Jay


    Innocent123 wrote: »
    Hi,

    can anyone advise why its necessary to supply such information on the statement of means form? I have no objection to the request for the amounts held but what use is this information?

    I thought it was more illegal to require the use of BICs now?


  • #3
    Tow
    Registered Users, Registered Users 2 Posts: 9,170 ✭✭✭Tow


    McGaggs wrote: »
    I thought it was more illegal to require the use of BICs now?

    It is.

    When is the money (including lost growth) Michael Noonan took in the Pension Levy going to be paid back?



  • #4
    infogiver
    Banned (with Prison Access) Posts: 2,505 ✭✭✭infogiver


    Tow wrote: »
    It is.

    Illegal or not once you've given the IBAN then the BIC is easily worked out


  • #5
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,876 ✭✭✭The J Stands for Jay


    infogiver wrote: »
    Illegal or not once you've given the IBAN then the BIC is easily worked out

    Yeah, but with a lot of Banks you have to do a lot of searching online to find the BIC, Judy to give it to someone who has a database that can look it up directly from the IBAN.


  • #6
    Innocent123
    Registered Users, Registered Users 2 Posts: 37 ✭Innocent123


    I questioned it today - I want to understand why this is asked for, how its going to be used and how is this information stored. Again, no issue with the statement of means, have nothing to hide but genuine curiosity- would like to know why this level of detail is required, given its neither for processing debits nor credits on the accounts.

    The response I got was that the application wont process without this information...


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  • #7
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,876 ✭✭✭The J Stands for Jay


    Innocent123 wrote: »
    I questioned it today - I want to understand why this is asked for, how its going to be used and how is this information stored. Again, no issue with the statement of means, have nothing to hide but genuine curiosity- would like to know why this level of detail is required, given its neither for processing debits nor credits on the accounts.

    The response I got was that the application wont process without this information...

    Sounds like a job for the data protection commissioner.


  • #8
    Bray Head
    Registered Users, Registered Users 2 Posts: 896 ✭✭✭Bray Head


    People can overthink the issues surrounding giving their bank account details.

    The worse that will happen is that someone will try to give you money:)


  • #9
    mickmac76
    Registered Users, Registered Users 2 Posts: 400 ✭✭mickmac76


    I thought they needed these details in order to pay you your benefits, no?


  • #10
    infogiver
    Banned (with Prison Access) Posts: 2,505 ✭✭✭infogiver


    mickmac76 wrote: »
    I thought they needed these details in order to pay you your benefits, no?
    You can get any benefit/allowance at the PO either if you want


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