4 ms·
>in the US having someone's bank account# meant you can take money from their account. The account number is written on every check. This is simply not the cas
by ibejoeb 4y ago
>in the US having someone's bank account# meant you can take money from their account.
The account number is written on every check. This is simply not the case.
- olliej 4y agoYes it is. The way you do online payments in the US if not by credit card is by providing the recipient with your account number - they conveniently point to the parts of the cheque to copy - and then they withdraw money from that account. Better yet when I was first trying to set up my online banking so that I could send money to my partner E*trade had me enter their account#, and then confirm the amount that they sent to it. Once I confirmed it they let me pull money out of her account at will. Because they were enforcing the can/cannot withdraw money for my partners account with another bank. A lot of the reason for things like Venmo, etc existing in the US is because you can’t simply send money to a bank account. Everything assumes that having an account# means having something to withdraw money from.