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Posted by The Natural Philosopher on 09/28/47 12:01
Jerry Stuckle wrote:
> Anonymous wrote:
>> The Natural Philosopher wrote:
>>
>>> Its not possible to drain your account just knowing the sort codes and
>>> account number. Check with your bank, but normally only YOU can
>>> authorize outward transfers.
>>>
>>> Either by some telephoned shared secret, your physical signature, or
>>> some kind of PIN.
>>
>> In theory you are right. However, banks don't check authorization too
>> well and rely on their customers to tell them when a charge has been
>> fraudulently made.
>>
>> In practice it is possible to take any amount of money from a bank
>> account just using the account number.
>>
>> http://news.bbc.co.uk/1/hi/entertainment/7174760.stm
>>
>> Bye!
>>
>
> Very true. I use this every month when I pay bills. tell the company
> I'm paying the account number, etc., and the amount I wish to pay and
> they get the money from my bank account.
>
I didn't think you were that stupid.
On reflection, perhaps I did..
I ONLY use direct debit when there is a company of impeccable nature
standing behind, and I need to authorise every single arrangement with
the bank. Usually including a signed piece of paper by me.
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