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If you give someone a paper check you are giving them your account number in plain text. I don't see how they can make that "secret."
by creepydata 9y ago
If you give someone a paper check you are giving them your account number in plain text. I don't see how they can make that "secret."
- aptwebapps 9y agoACH transfers, not paper checks.
- creepydata 9y agoYeah but for 90%+ of transactions, if you are being paid by a company, you can almost always request a paper check instead of an ACH transfer (sometimes with a fee). In that case they either have yet another account for check writing (which won't be "secret") or they give away their "secret" ACH account.
- aptwebapps 9y agoI'm not proposing this as the solution to fix the extremely outdated ACH/check system, just relaying what I read about what some companies do.