Answer by blabla for Can't the account information on my checks be easily...
Yes this is a huge security loophole and many banks will do nothing to refund if you are scammed. For example for business accounts some Wells Fargo branches say you must notify within 24 hours of any...
View ArticleAnswer by D.W. for Can't the account information on my checks be easily used...
That's accurate. Here is another risk with the current checking system, which many people are not aware of:Anyone who knows your checking account number can learn what your balance in that account is....
View ArticleAnswer by Anonymous Type for Can't the account information on my checks be...
When an someone as esteemed and smart as Donald Knuth tells you the chequing system is busted it's time to close your cheque account, or I guess live with the associated risk.Answer to question, yes...
View ArticleAnswer by Michael Goldshteyn for Can't the account information on my checks...
The bottom line is to keep most of your money in accounts with no check privileges and to not give the account numbers for these accounts to anyone. Keep just enough in your checking account for the...
View ArticleAnswer by Michael Ekstrand for Can't the account information on my checks be...
Yes, those numbers are all that is needed to withdraw funds, or at least set online payment of bills which you don't owe.Donald Knuth also faced this problem, leading him to cease sending checks as...
View ArticleAnswer by JohnFx for Can't the account information on my checks be easily...
Yes, and there are almost no checks (no pun intended) on people pulling money from your account using a routing number. It is an EXTREMELY insecure system. If you want a real Halloween scare, read this...
View ArticleAnswer by SchwartzE for Can't the account information on my checks be easily...
I was a victim of this. I'm not sure who got my routing and account number off my check, but someone subscribed to Playboy.com using my bank account information. Luckily it was only for about $30 and...
View ArticleCan't the account information on my checks be easily used for fraud?
My Bank of America checks contain my routing & account number, which I've used in the past to make purchases online, among other things. Anyone whom I pay with a check has this information. It...
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