Fraud question

[Mr D Black]

If I give someone my bank details (ac number and sort code) to transfer money into my account, can they commit a fraud, or am I being a bit distrusting?

[Buenchico]

There's no need to worry. Giving someone these details is a fairly standard way of avoiding charges for transferring money.

If you've got a cheque book, take a look at it. Every cheque bears the account number and sort code for your bank account but you wouldn't worry about writing a cheque for this reason, would you?

Chris

[Ethel]

Further to Buenchico a bank transfer is much safer because you do not give your signature.

Much more convenient than cheques, and usually free for both parties to the transaction.

[WoWo]

Basically you can transfer money into accounts with just those details but not transfer money out.