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1) Your bank account number is relatively public anyway - afterall it's printed on all of your checks. 2) It's relatively easy to reverse an ACH debit. Which p
by gst 12y ago
1) Your bank account number is relatively public anyway - afterall it's printed on all of your checks.
2) It's relatively easy to reverse an ACH debit. Which protections would I have to give up?
- hayksaakian 12y agoit is nontrivial to reverse debit fraud compared to a chargeback on a credit card.
- nicwolff 12y agoIt's not hard to reverse an ACH debit if you notice it within two months. After that, it's impossible. (And business accounts only get two days.) Also, the credit card companies are actively trying to prevent fraud and will notify you of unusual transactions; with ACH, there's no-one looking out for you but yourself.