8 ms·

For a perspective, I'm not American, and I don't feel comfortable giving my bank details to random people. I can also get checks with dates in the future, and

by maratc 4y ago

For a perspective, I'm not American, and I don't feel comfortable giving my bank details to random people. I can also get checks with dates in the future, and know that I will collect the money (this way or another). If someone promises you a future money transfer, you can't be sure that they will actually deliver the way you can when you have their check in hand.

kevincox 4y ago
Checks have your bank details on them. It's the funny numbers at the bottom. If they didn't how would the receiving bank be able to get the money from your account?
- maratc 4y ago
  When I want someone (who needs to pay me) to give me the check, my bank account details are not supplied to them. I just deposit their check. The check has their bank details printed on it, not mine. When I want someone (who needs to pay me) to transfer money into my account, I need to provide them with my account number. In the first case, my bank details are kept private, but in the second case, not so much.
  - shortcake27 4y ago
    In Australia you can make instant bank transfers using phone numbers, email addresses, ABNs etc. Although I’ve never been too bothered about giving out my bank account details - they’re designed to be public.
mbesto 4y ago
> I don't feel comfortable giving my bank details to random people. What specifically makes you feel uncomfortable? If the person is truly "random" then guessing your account number is just as "random", no?
- maratc 4y ago
  > What specifically makes you feel uncomfortable? The thought that they can call my bank, impersonate me, and drain my account with no recourse for me. That should be much harder if they don't know my bank details to begin with.
  - mbesto 4y ago
    > impersonate me No bank should be using your account details as a secret used to identify you.
    - maratc 4y ago
      Banks use other secrets, like my birthday, or the date my national ID card was issued on. These can be found out by fraudsters, too. But not having my bank details public helps.
cuteboy19 4y ago
You never give your bank details out to anyone. For example with UPI the only thing you need to send are disposable virtual addresses which are basically like email IDs. By themselves these IDs can't authorize any transactions which is always 2FA

by maratc 4y ago

kevincox 4y ago

Checks have your bank details on them. It's the funny numbers at the bottom. If they didn't how would the receiving bank be able to get the money from your account?

maratc 4y ago
When I want someone (who needs to pay me) to give me the check, my bank account details are not supplied to them. I just deposit their check. The check has their bank details printed on it, not mine. When I want someone (who needs to pay me) to transfer money into my account, I need to provide them with my account number. In the first case, my bank details are kept private, but in the second case, not so much.
- shortcake27 4y ago
  In Australia you can make instant bank transfers using phone numbers, email addresses, ABNs etc. Although I’ve never been too bothered about giving out my bank account details - they’re designed to be public.

mbesto 4y ago

> I don't feel comfortable giving my bank details to random people. What specifically makes you feel uncomfortable? If the person is truly "random" then guessing your account number is just as "random", no?

maratc 4y ago
> What specifically makes you feel uncomfortable? The thought that they can call my bank, impersonate me, and drain my account with no recourse for me. That should be much harder if they don't know my bank details to begin with.
- mbesto 4y ago
  > impersonate me No bank should be using your account details as a secret used to identify you.
  - maratc 4y ago
    Banks use other secrets, like my birthday, or the date my national ID card was issued on. These can be found out by fraudsters, too. But not having my bank details public helps.

cuteboy19 4y ago

You never give your bank details out to anyone. For example with UPI the only thing you need to send are disposable virtual addresses which are basically like email IDs. By themselves these IDs can't authorize any transactions which is always 2FA