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dangerous to give out bank details?

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  • 05-10-2010 4:37pm
    #1
    gillian1983
    Closed Accounts Posts: 58 ✭✭


    if your bank details i.e. bank account number, sorting code, branch etc get in the wrong hands is it dangerous? or is there nothing anybody can do with these details other than give u money? they cant take money can they?


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    #2
    BoB_BoT
    Registered Users Posts: 1,835 ✭✭✭BoB_BoT


    to withdraw money, you need your bank card and pin, or valid I.D. to withdraw from an account at the counter. There's not a whole lot you can do with just the basic details other than deposit.


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    #3
    GerardKeating
    Registered Users Posts: 7,651 ✭✭✭GerardKeating


    BoB_BoT wrote: »
    to withdraw money, you need your bank card and pin, or valid I.D. to withdraw from an account at the counter. There's not a whole lot you can do with just the basic details other than deposit.

    Tell that Jeremy Clarkson.


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    #4
    BoB_BoT
    Registered Users Posts: 1,835 ✭✭✭BoB_BoT


    oh yeah, forgot about that. But don't they need your signature over here to setup a direct debit?

    Also in that case, you can claim that you did not authorise that transfer and you demand your money back. Direct debits are also fully traceable and costly to setup :P


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    #5
    NuMarvel
    Registered Users Posts: 3,279 ✭✭✭NuMarvel


    BoB_BoT wrote: »
    oh yeah, forgot about that. But don't they need your signature over here to setup a direct debit?

    Also in that case, you can claim that you did not authorise that transfer and you demand your money back. Direct debits are also fully traceable and costly to setup :P

    Nope. Paperless direct debits are a common feature with service companies (insurance, communications, etc). The company get the details by telephone, and subsequently make a presentation to the bank with some sort of marker that indicates it was a paperless direct debit (that's why you'll see O/P next to some direct debits on your bank statements).

    Strictly speaking, the service company should have procedures in place to verify you are who you say you are and that the account is yours. usually this takes the form of call recording, but I'm not sure how often banks verify this with companies.


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