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is it safe to give out my IBAN & BIC

  • 21-06-2018 12:09pm
    #1
    bappelbe
    Registered Users, Registered Users 2 Posts: 283 ✭✭


    Hi
    Is it safe to give out my IBAN & BIC?
    I give them out to "trusted" customers but an employee of theirs could get it.

    It occurs to me that someone can only lodge money to my account with the information, but to make a payment they need a signature/login.

    Bill


Comments

  • #2
    Bank of Ireland: Alison
    Closed Accounts Posts: 1,060 ✭✭✭Bank of Ireland: Alison


    bappelbe wrote: »
    Hi
    Is it safe to give out my IBAN & BIC?
    I give them out to "trusted" customers but an employee of theirs could get it.

    It occurs to me that someone can only lodge money to my account with the information, but to make a payment they need a signature/login.

    Bill


    Thanks bappelbe for getting in touch with us.

    While customers from time to time will need to provide their IBAN and BIC for payments or direct debits etc. we would always advise first to ensure it's a reputable third party you are disclosing the information to. 

    We always advise to be cautious sharing any bank details, you would need to make a personal decision on this whether to share the details with them.

    Many Thanks
    Alison


  • #3
    bappelbe
    Registered Users, Registered Users 2 Posts: 283 ✭✭bappelbe


    Bank of Ireland: Alison wrote: »


    Thanks bappelbe for getting in touch with us.

    While customers from time to time will need to provide their IBAN and BIC for payments or direct debits etc. we would always advise first to ensure it's a reputable third party you are disclosing the information to. 

    We always advise to be cautious sharing any bank details, you would need to make a personal decision on this whether to share the details with them.

    Many Thanks
    Alison


    Hi
    If the banks want us to go to  electronic banking sooner rather than later, they should come up with a way of is giving a number or code that can only be used for lodging to an account an is safe to give out as nobody could withdraw using it.


  • #4
    Bank of Ireland: Darren
    Closed Accounts Posts: 991 ✭✭✭Bank of Ireland: Darren


    bappelbe wrote: »
    Bank of Ireland: Alison wrote: »


    Thanks bappelbe for getting in touch with us.

    While customers from time to time will need to provide their IBAN and BIC for payments or direct debits etc. we would always advise first to ensure it's a reputable third party you are disclosing the information to. 

    We always advise to be cautious sharing any bank details, you would need to make a personal decision on this whether to share the details with them.

    Many Thanks
    Alison


    Hi
    If the banks want us to go to  electronic banking sooner rather than later, they should come up with a way of is giving a number or code that can only be used for lodging to an account an is safe to give out as nobody could withdraw using it.

    Thanks for coming back to us here and for the feedback. I'll certainly take note of it here.

    Thanks again,
    Darren.


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