4 ms·
Your bank account number is by design semi public knowledge. Every check you have ever written has it at the bottom. It was never meant to be private.
by birdman3131 4y ago
Your bank account number is by design semi public knowledge. Every check you have ever written has it at the bottom. It was never meant to be private.
- ev1 4y agoI have never received checks with any bank account I have opened in my life. Are they even offered anymore?
- zippergz 4y agoYou have to order them. They don't just give them to you.
- davchana 4y agoDiscover gives free standard checks, as many as you want.
- lotsofpulp 4y agoYes, they are used all the time in the US. The numbers on the bottom are the routing number and account number of the payer. Anyone can make and sell them, and anyone can buy them. https://www.costcochecks.com/home https://www.costcochecks.com/home
- brewdad 4y agoYou have to pay for them but yes you can still get checks. My order of 80 checks should last me the rest of my life.
- Arrath 4y agoAbsolutely. I currently rent from an elderly couple and the simplest method of paying rent is the classic check.
- kylehotchkiss 4y agoThe fewer entities that have it, the better. Banks probably aren’t giving it out freely. Any ACH charge attempted against it will deduct balance, and fraud liability repayments (if the bank agrees to help) will take as long as the bank takes to recover funds
- NovemberWhiskey 4y ago>fraud liability repayments (if the bank agrees to help) will take as long as the bank takes to recover funds What's your source on that? As far as I know, Regulation E generally requires banks to make good on errors in electronic fund transfers (including ACH transfers for which the customer is not liable) within 10 days of being notified. That can be in the form of a provisional credit while an investigation is ongoing, though.
- kevin_thibedeau 4y agoThat's what makes this particularly galling since Zelle is just a frontend to ACH.
- kylehotchkiss 4y agoIs regulation E new (in the past decade)? I had a fraud related issue on Simple.com about 10 years back where Kroger decided to keep erratically billing my debit card up until it hit $1000 (I went in and spent probably $20 and their payments system seemed to just go haywire) and I asked their support for help. It took a month to get money back. That was my final straw with debit cards.
- NovemberWhiskey 4y agoNo; it's originally from the late 70s - I don't know exactly when the various provisions relating to error handling got introduced, to be honest; it's possible it was somewhat different back then.
- r00fus 4y agoMany banks/CUs have a policy where the printed account number is only for checks and doesn't correlate to the internal account number. It's not a complete guard, but it does prevent ACH attacks.