Re: Small ad readers conned of cash

Alex Heney wrote:
On Mon, 17 Jul 2006 22:56:50 GMT, "Swampy Bogtrotter"
<samandjanetknox@xxxxxxxxxx> wrote:

Alex Heney wrote:
On Mon, 17 Jul 2006 19:49:52 GMT, "Swampy Bogtrotter"
<samandjanetknox@xxxxxxxxxx> wrote:

zaax wrote:
http://news.bbc.co.uk/1/hi/england/5188036.stm

So how does this work. Surely if you give someone your bank
account number and sort code all they can do is pay money into
your account.

They can also use them to set up direct debits....


Only if they are an organisation authorised to do so.

Every DD request has the organisation code of the requestor
attached. And if that is not on file, or does not match the other
requestor details, the DD will not be paid.

I didn't mean that way....I meant they could use the details to set
up direct debits with other companies to pay for goods or
services....


Ah.

I didn't think of that.

And they don't even need to know the address of the account holder for
a DD, like they would for a Credit Card transaction :-(

Exactly...Hopefully this would be flagged up prtty quickly by the savvy
account holder though, who suddenly notices a DD which he didn't set up when
logging into his online banking.....A lesson in always bein keen-eyed?....


.

Relevant Pages

  • Re: Small ad readers conned of cash
    ... number and sort code all they can do is pay money into your account. ... Every DD request has the organisation code of the requestor attached. ...
    (uk.legal)
  • Re: BT Surcharge
    ... them your account number, sort code, and name. ... given them authority, since they know that doing so often enough to be ... I have never mentioned credit cards, ... we have been talking about access to your *ban account*. ...
    (uk.legal)
  • Re: Adding Alliance and Leicester bank account to Paypal
    ... > Has anyone successfully added an Alliance and Leicester bank account to ... > incorrect for a UK bank. ... > The sort code starts with 72. ... > transactions go through this account with no problems. ...
    (uk.people.consumers.ebay)
  • Re: recording conversations
    ... pulling sneaky tricks, for example this morning I heard them discussing ... how they could use my account number and sort code from a cheque I gave ... them to set up a direct debit from my account to a charity. ... If you're reduced to having to tape record conversations with flatmates I would suggest that is time to move on and find somewhere else to live. ...
    (uk.legal)
  • Re: Nationwide online banking payments/transfers.
    ... been given the standard six-digit sort code and eight-digit account number ... for their current account, for that purpose. ... The account to which I want to send the money happens to have the Nationwide ... the option to pay 'Another Nationwide account'. ...
    (uk.finance)