Question: Should I give my bank details to someone on Gumtree?

Giving your BSB and account number to a third-party to receive or send funds is generally safe, but you should only give out banking details to organisations or people who you know have a genuine need to know this information, says Peter Marshall, Mozos product data manager.

When someone asks for bank details what do you give them?

Receiving money from within a state and abroadName and address of the recipient (you)Bank name and sometimes the banks address.Bank BIC/SWIFT code.Your account number.Your account type.The amount.The day on which the payment should be made.17 Jun 2020

Is it safe to give out bank account number and sort code?

Its generally considered safe to give out your account number and sort code, but you should always use common sense and avoid sharing your bank details with people you dont know or expect payments from.

Is it OK to give bank details to someone?

Despite your account number being generally considered as safe to give out, you shouldnt give out any digits without feeling 100 percent safe. Theres no need to stress over giving your account number to any legitimate billers, employers, HMRC or any of your friends and family.

What details are safe to give for bank transfer?

Six-digit sort code of the account youre paying.Eight-digit account number of the account youre paying.A payment reference (often your name or customer number) to let them know the money came from you.Sometimes youll need the name and address of the bank youre sending the money to.

Can someone steal your money with your BSB and account number?

However, like your BSB and account number, your PayID can only be used to receive funds - it can never be used to take money from your account. So unless you forfeit your details to someone else, it will be difficult for them to create a PayID linked to their account using your personal details.

What can someone do with my account number and sort code and address?

Overall, theres very little someone can do with just your account number and sort code apart from making a deposit into your account in order to pay you. However, always be vigilant with whom you share your personal details. Remember never to share your PIN with anyone.

What details do you need to transfer money?

In addition to the persons name, sort code and account number, your bank might also ask you for: Their address. A reference phrase or number – this is often needed for bill payments. The name and address of the bank youre sending the money to.

Can people do anything with your account number and BSB?

First lets clear up one myth - giving out your bank account number and BSB is fine. There is no issue in giving out your BSB/account details as its only possible to deposit funds rather than withdraw funds, an ING spokesperson told Money. If an unauthorised debit occurs then the debiting institution is liable.

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