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Posted by Jerry Stuckle on 09/28/97 12:01
The Natural Philosopher wrote:
> 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.
>
>
>
I didn't say this was just any company.
--
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Remove the "x" from my email address
Jerry Stuckle
JDS Computer Training Corp.
jstucklex@attglobal.net
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