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Anyone you have every written a check to has your account & ABA numbers, printed on the bottom of the check. In practice, the ACH system relies on fraud detect
by tlb 14y ago
Anyone you have every written a check to has your account & ABA numbers, printed on the bottom of the check.
In practice, the ACH system relies on fraud detection & prosecution rather than secrecy.
- tptacek 14y agoLike I said: ACH transactions can often be reversed; it is reasonable (though not entirely accurate --- in particular, business bank customers have few if any real protections) to model the risks of ACH transfers the way you think of credit cards. The same is not true of your bank account login information.