transferring money on line

ooh-la-la | 23:23 Wed 07th Jul 2010 | Technology

22 Answers

hiya, what's a safe way to transfer money on line into my bank account?
i thought i could with pay pal, but that's only for buying things online

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Mamyalynne

charity mugging LOL

Buenchico

Ooh-la-la
As others have pointed out, all cheques have the account holder's sort code and account number on them. So, in general, there's no great risk in letting others know those details. (Nobody can simply 'clear out' your account, leaving no trace of where your money has gone to).

However if some mischievous person wanted to, say, set up a direct debit from your account to a charity, it would be easy for them to do so. (You'd be able to get your money back but it could be very inconvenient, particularly if it led to you going overdrawn).

If you don't believe me, just ask Jeremy Clarkson ;-)
http://news.bbc.co.uk/1/hi/7174760.stm

Chris

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