Webmaster Forum

Go Back   Webmaster Forum > Business Forums > Online Business Forum

Online Business Forum General online business related topics including ecommerce, customer related issues, home based business challenges & tips, etc.


Reply
 
LinkBack Thread Tools Display Modes
Share |
  #1 (permalink)  
Old 03-10-2011, 08:06 AM
mothproof's Avatar
Contributing Member
Latest Blog:
Rubik Cube

 
Join Date: 10-20-06
Location: philippines
Posts: 534
iTrader: 0 / 0%
Is It Still Safe to Give Out Your Bank Account Number

Hi!

A friend asked me and I flat out said yes, and then I looked it up and found divided opinion on the matter, and now I have to take back what I told her.

What's your opinion?

Last edited by mothproof; 03-10-2011 at 08:18 AM.
 
Reply With Quote
  #2 (permalink)  
Old 03-10-2011, 08:14 AM
snakeair's Avatar
Super Moderator
 
Join Date: 12-31-07
Location: Southampton, NJ
Posts: 49,071
iTrader: 3 / 100%
Quote:
Originally Posted by mothproof View Post
Hi!

A friend asked me and I flat out said yes, and then I looked it up and found divided opinion on the matter, and now I had to take back what I told her.

What's your opinion?
I never ever give out my bank number to anyone not unless i need to for payment purpose as in automatic payments for a few bills that i have. I don't trust anyone with my bank account number these days. To many people are thinking of smart ways to steal ones personal information to use to there advantage.

Let's say i joined a affiliate program of a business (supposed to be the hottest since sliced bread) and a payment option they have is direct deposit and have a field to enter your bank account information. I would stil not use that because deep down i think it's not 100% secure that my number is safe with them. I only trust my credit card companies with my bank account number and paypal.

You know you get these spam emails that say you won $10,000,000,000 and to send over your personal information including your bank account number right? Yea, we should know that's not true but that's just one easy way scammers try to get into your personal identification stuff.
__________________
WP Outcast - WordPress News, Tips & Theme Release's

Like Us on Facebook
facebook.com/wpoutcast
 
Reply With Quote
  #3 (permalink)  
Old 03-10-2011, 08:23 AM
mothproof's Avatar
Contributing Member
Latest Blog:
Rubik Cube

 
Join Date: 10-20-06
Location: philippines
Posts: 534
iTrader: 0 / 0%
she tells me it's her client and she pretty much trusts the guy in Singapore, they've done paypal before without no problems, but recently the client asked if they can do a direct transfer. I think it's not her client she distrusts but the techie guys working for him who might know what to do with such details.

ps. if all those "you won 1 million dollars emails" were true, we'd all be gazillioners now. i think ive had 20 already thanks for replying.

Last edited by mothproof; 03-10-2011 at 08:41 AM.
 
Reply With Quote
  #4 (permalink)  
Old 03-10-2011, 08:26 AM
snakeair's Avatar
Super Moderator
 
Join Date: 12-31-07
Location: Southampton, NJ
Posts: 49,071
iTrader: 3 / 100%
It all comes down to trust. I trust no one with my personal information as in bank account number. lol (I'm a little hard headed at times)

Let's just wait for more replies.
__________________
WP Outcast - WordPress News, Tips & Theme Release's

Like Us on Facebook
facebook.com/wpoutcast
 
Reply With Quote
  #5 (permalink)  
Old 03-10-2011, 09:56 AM
Hazh's Avatar
Junior Member
 
Join Date: 03-06-11
Location: SteadyWeightLoss.org
Posts: 21
iTrader: 0 / 0%
It all depends on the person and the reason for which you are giving out the bank account.
Anyway I feel it is not that good to give your bank account to just anyone as to prevent the case of identity fraud or terrorism issues.
 
Reply With Quote
  #6 (permalink)  
Old 03-10-2011, 11:35 AM
HTMLBasicTutor's Avatar
Administrator
 
Join Date: 10-29-07
Location: British Columbia, Canada
Posts: 20,800
iTrader: 5 / 100%
In the business world, it is not unusual for firms to request your Transit number and account number so they can pay their bill by bank transfer instead of issuing a cheque.

Here, if you want to do automatic payments (say pay your bank loan or strata fees) you have to give them a cancelled cheque and sign off that they are allowed to auto withdraw.

Why not have your friend contact their own bank to confirm what a person can and cannot do with the transfer information. This could work out better for them. They get the money faster than it being deposited into their PayPal account and then having to transfer it themselves to their bank account.
__________________

HTML Basic Tutor - Learn how to code for better SEO
Basic Computer Information - Computer & internet basics for website owners

SEO troubleshooting and review services available. - Pm me.
 
Reply With Quote
  #7 (permalink)  
Old 03-10-2011, 12:27 PM
carol.prime's Avatar
Contributing Member
 
Join Date: 07-20-09
Location: Manila, Philippines
Posts: 427
iTrader: 0 / 0%
It really depends on the situation.

If it's a business transaction then, it's OK.
For an outsourcing business like us, most of the time our client paid us via CC.
and everything works out fine.
__________________
Staff Leasing
We Lease Offshore Employees
 
Reply With Quote
  #8 (permalink)  
Old 03-10-2011, 01:58 PM
Junior Member
 
Join Date: 03-10-11
Posts: 17
iTrader: 0 / 0%
if you are just making a payment.. that should be fine..
 
Reply With Quote
  #9 (permalink)  
Old 03-10-2011, 07:10 PM
mothproof's Avatar
Contributing Member
Latest Blog:
Rubik Cube

 
Join Date: 10-20-06
Location: philippines
Posts: 534
iTrader: 0 / 0%
Thanks, everyone.
 
Reply With Quote
  #10 (permalink)  
Old 03-11-2011, 02:26 AM
Contributing Member
Latest Blog:
None

 
Join Date: 09-05-10
Posts: 54
iTrader: 0 / 0%
Giving out your bank account number is safe, if its for business purposes but don't ever give your password/pin if someone attempt to ask you. Just an advice
__________________
Restless Leg Syndrome
 
Reply With Quote
  #11 (permalink)  
Old 05-19-2011, 02:26 PM
Contributing Member
Latest Blog:
None

 
Join Date: 05-19-11
Posts: 66
iTrader: 0 / 0%
For me there's no problem with it, just don't give the PIN like "creamery" said. Others cannot withdraw anyway without the permission of the owner of the account.
__________________
How to Make Money Online
 
Reply With Quote
  #12 (permalink)  
Old 05-19-2011, 02:46 PM
ScriptMan's Avatar
Super Moderator
 
Join Date: 02-10-07
Location: Central Kentucky
Posts: 11,980
iTrader: 4 / 100%
So simple that it sounds silly but absolutely true: Any one who has your account and transit numbers that can put money in can take it out just as easily.

I never give mine out to anyone but I had a yet to be explained debit appear against my account on the 17th of December. Great timing for crooks, by the time I found it the window for charge backs was past. I may have to eat that one but you can be damn sure I open the bank statements on the day they come from now on.

Quote:
For me there's no problem with it, just don't give the PIN like "creamery" said. Others cannot withdraw anyway without the permission of the owner of the account.
Sorry to burst your bubble but ACH transfers do not require a Pin number. The money comes and goes with just a couple of mouse clicks. Caught within the 30 day window they can be charged back to the originating source after that the transaction is final.
__________________
SEO does not mean Spam Everywhere Online
Scriptman's Playhouse || Ramblings from an old man
 
Reply With Quote
  #13 (permalink)  
Old 05-19-2011, 02:57 PM
Contributing Member
Latest Blog:
None

 
Join Date: 05-19-11
Posts: 66
iTrader: 0 / 0%
Hi Scriptman,

no problem sir ..I don't know that. thanks for the info!
__________________
How to Make Money Online
 
Reply With Quote
  #14 (permalink)  
Old 06-03-2011, 02:15 PM
Junior Member
 
Join Date: 06-03-11
Posts: 3
iTrader: 0 / 0%
In this way, it is not safe to give your bank account details, its you personal info.

Last edited by ScriptMan; 06-03-2011 at 02:34 PM. Reason: fake sig removed
 
Reply With Quote
  #15 (permalink)  
Old 06-04-2011, 03:19 AM
Junior Member
 
Join Date: 05-19-11
Posts: 21
iTrader: 0 / 0%
I'm also not familiar with ACH. I thought it's safe to give out account numbers as long as you don't give them your ACH.
 
Reply With Quote
  #16 (permalink)  
Old 06-27-2011, 07:12 AM
g36's Avatar
g36 g36 is offline
Contributing Member
Latest Blog:
None

 
Join Date: 05-14-11
Posts: 83
iTrader: 0 / 0%
No, it's not safe, that's why a lot of people use PayPal despite the fact that PayPal likes to limit people's account.
 
Reply With Quote
  #17 (permalink)  
Old 06-27-2011, 07:33 AM
mothproof's Avatar
Contributing Member
Latest Blog:
Rubik Cube

 
Join Date: 10-20-06
Location: philippines
Posts: 534
iTrader: 0 / 0%
We tried the bank method and it was ok, except for one ugly snag: the bank charges $20 to send $110. so youre getting only $90. have to tell my client i shouldn't be the one shouldering the costs.
does paypal charge as much? i read their FAQs and it's just a matter of a few dollars.
 
Reply With Quote
  #18 (permalink)  
Old 06-28-2011, 10:25 AM
UmerGurchani's Avatar
Contributing Member
 
Join Date: 06-18-11
Posts: 139
iTrader: 0 / 0%
No its not safe...Use Paypal or moneygram instead of using your bank account...but i guess its safe when you use it on large websites such as amazon and ebay
 
Reply With Quote
  #19 (permalink)  
Old 07-01-2011, 06:59 PM
Junior Member
 
Join Date: 07-01-11
Posts: 4
iTrader: 0 / 0%
No. i dont think its a good idea. Better to use services like paypal, where you can hide that information and yet get paid to your bank account
 
Reply With Quote
  #20 (permalink)  
Old 07-01-2011, 08:20 PM
Banned
Latest Blog:
None

 
Join Date: 06-30-11
Posts: 45
iTrader: 0 / 0%
I never give out my bank number to anyone except my family.
 
Reply With Quote
Go Back   Webmaster Forum > Business Forums > Online Business Forum

Reply


Currently Active Users Viewing This Thread: 3 (0 members and 3 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Click bank Is safe sonia2 Affiliate Marketing Forum 15 05-24-2010 06:07 AM
Is it safe to allow third party to access Google Adwords account? bbxe Google Forum 17 12-18-2009 05:11 AM


V7N Network
Get exposure! V7N I Love Photography V7N SEO Blog V7N Directory


All times are GMT -7. The time now is 01:17 AM.
Powered by vBulletin
Copyright 2000-2014 Jelsoft Enterprises Limited.
Copyright © 2003 - 2014 Escalate Media




Search Engine Optimization by vBSEO 3.6.0 RC 2 ©2011, Crawlability, Inc.