From some of the other comments, it sounds like (asking for bank passwords) is a semi-common practise [in the US]. Is that accurate? I'm absolutely stunned that

From some of the other comments, it sounds like (asking for bank passwords) is a semi-common practise [in the US]. Is that accurate? I'm absolutely stunned that anyone could think that (a) it's a good idea, and that (b) anyone would be so unbelievably stupid to actually provide them! I can't imagine the banks are thrilled with this either - and if they're not actively blocking this sort of activity, they probably should be. I'd be careful that providing your password doesn't invokes various liability clauses in your banking agreement. The only way I would ever consider doing this, is if I set up a new bank account, preferably with a different bank from my usual transactions, where I specifically put funds for this purpose. In which case, it's probably not worth the hassle.