al_yrpal wrote:You need the account number AND the sort code, which you will find on each cheque. Plus a name. I don't see how possession of these details can cause any problems?
Wasn't there the famous case of Jeremy Clarkson a few years ago? He published his bank details in his newspaper column saying that there's no security risk because you can only use them to make a deposit (which is what I'd always assumed). He got egg all over his face after some wag emptied his account, but I've no idea how it was done.
“I'm not upset that you lied to me, I'm upset that from now on I can't believe you.” ― Friedrich Nietzsche
al_yrpal wrote:You need the account number AND the sort code, which you will find on each cheque. Plus a name. I don't see how possession of these details can cause any problems?
Wasn't there the famous case of Jeremy Clarkson a few years ago? He published his bank details in his newspaper column saying that there's no security risk because you can only use them to make a deposit (which is what I'd always assumed). He got egg all over his face after some wag emptied his account, but I've no idea how it was done.
Perhaps the most unlikely element of that story is that somebody might want to steal that man's ID.
I see it was done by setting up a relatively small direct debit on behalf of a completely reputable organisation. Afaik, That's something covered by the direct debit guarantee and he should have got his money back - unless he decided the charity should keep the monkey because the experience had taught him something. In the meantime, at the risk of spoonerisms:
Given that some scrote managed to persuade Wonga to debit my debit card for a total of £760 last month I wouldn't give my bank details to anyone.
I don't know how they did it, HSBC suspect the card details were sold to said scrote by a naughty person who got them from an internet seller or a card reader attached to a cash machine. The Police didn't care once they established it wasn't a fraud perpetrated by me. They apparently have several of these a month! Whatever method the scrotes used to get my card details, Wonga were perfectly happy to debit my current account for the said £760. When I spoke to Wonga they had my card details, under a completely different name, on their records. They did not have me on their records. So I'd guess a villain could raise loans from these firms (Who charge over 4000%/annum! Yes, really.) by just ringing up and giving your Sort Code and Account number, because Wonga certainly didn't check that my card details tied up to the name they were given!
"I thought of that while riding my bike." -Albert Einstein, on the Theory of Relativity
byegad wrote: .. these firms (Who charge over 4000%/annum! Yes, really.) ...
I had a leaflet through the door yesterday from one such band of usurers with this bit of advice in the small print:
Short-term or payday loans should only be used for short-term financial needs and are not appropriate for longer term borrowing or if you are in financial difficulty.
Short-term or payday loans should only be used for short-term financial needs and are not appropriate for longer term borrowing or if you are in financial difficulty.
These do make me so very cross! Along with the loans companies who "can help" when mainstream lenders won't (and probably for good reason) and then charge absolutely extortionate rates of interest.
My pet hate at the moment is an advert I've seen a few times, where an elderly and perfectly respectable-looking lady breathes a sign of relief because she's had her car repaired but has a year to pay the loan back. By which time she'll have paid an absolute fortune!!! So very easy to trap the unwary - no wonder so many people get into debt.
Sooper8 wrote:Either way, Ill have a go with bank transfer. I think the buyer has to pay upwards of £25 doing that (well, I did when I once paid for a holiday in Norway that way)
With my bank an interbank transfer out of the UK are charged and has to be done via the bank. UK can be done online and are free.
Short-term or payday loans should only be used for short-term financial needs and are not appropriate for longer term borrowing or if you are in financial difficulty.
These do make me so very cross! Along with the loans companies who "can help" when mainstream lenders won't (and probably for good reason) and then charge absolutely extortionate rates of interest.
My pet hate at the moment is an advert I've seen a few times, where an elderly and perfectly respectable-looking lady breathes a sign of relief because she's had her car repaired but has a year to pay the loan back. By which time she'll have paid an absolute fortune!!! So very easy to trap the unwary - no wonder so many people get into debt.
Jan
It's financial Darwinism. The stupid get into debt. Sadly then they get baled out by Bankruptcy or Bankruptcy Light and can then do it again.
"I thought of that while riding my bike." -Albert Einstein, on the Theory of Relativity
