3 ms·
I don't know if US bank account numbers need to be kept secret. Yeah, they kind of should be since the number is basically all that someone needs in order to p
by uiri 9y ago
I don't know if US bank account numbers need to be kept secret.
Yeah, they kind of should be since the number is basically all that someone needs in order to print cheques that take money out of a given account. The US has a "pull" system instead of the more secure "push" system in Europe where giving out a bank account number is totally normal (and was back in the day before electronic banking too).
- icebraining 9y agoThe EU now has a pull system too, thanks to SEPA Direct Debits. The receiver only has to send an XML file to the bank claiming that the client signed a mandate authorizing them. The client does have 13 months to make a claim and get the money back, but it means that one has to carefully read the statements, rather than trust that every transaction was initiated by us.