milkeybar kid Posted August 7, 2011 Share Posted August 7, 2011 I just cant get my head around this.! For security reasons I have it imprinted on the brain "do not give bank details out"! yet a a client for the gite wants to pay me £200.00 deposit for 2012 hols. No cheque book ( this is a first)so he says he will do a bank transfer and needs bank details. Moi not being a very trusting soul would appreciate someone explaining to me what the worse scenario is if my bank info was in the wrong hands, how would the info be used. Also please it would be a UK bank to UK bank transfer so would they still need IBAN and SWift number. Thank you Link to comment Share on other sites More sharing options...
Anton Redman Posted August 7, 2011 Share Posted August 7, 2011 Anybody who you ever pay by cheque has the information he needs to pay you.Exact Account NameBank and BranchSix Digit Sort CodeAccount NumberIn order to pay you he also needs the supply / check similar information about hois account plus his date of birth and an eight digit security number. He may have an IBAN which reduces the amount of typeing.I cannot remeber the last time I wrote a UK cheque. No envelope to address, to letter to post and the details I want appear on the bank statement so no guessing what I paid for, plus a printout which clearly shows the money was sent. Link to comment Share on other sites More sharing options...
fatscoleymo Posted August 7, 2011 Share Posted August 7, 2011 This is our 3rd year and all our income is received by bank transfer to our Uk account. Very easy, trouble free way and very convenient for your customers. Not had a single problem. Moneys in our account usually within hours of the customer arranging it and i can confirm receipt to them often the same day. it's the way to go! Link to comment Share on other sites More sharing options...
milkeybar kid Posted August 7, 2011 Author Share Posted August 7, 2011 Well, that is reassuring. But why do we hear the phrase as regards security.."Do not give your bank details out". Link to comment Share on other sites More sharing options...
Anton Redman Posted August 7, 2011 Share Posted August 7, 2011 With bank details adress,date of birth and address it may be possible to set up internet banking. Once that is set up internet banking YOU can transfer money to other accounts.YOU in this context being who ever applied for internet banking Link to comment Share on other sites More sharing options...
milkeybar kid Posted August 7, 2011 Author Share Posted August 7, 2011 Anton I have internet banking but I have neither transferred money or received as I found it scary!! Have I understood as long as no one has my password (number code) all the bank details are useless to a fraudster? Link to comment Share on other sites More sharing options...
The Riff-Raff Element Posted August 7, 2011 Share Posted August 7, 2011 [quote user="milkeybar kid"]Anton I have internet banking but I have neither transferred money or received as I found it scary!! Have I understood as long as no one has my password (number code) all the bank details are useless to a fraudster?[/quote]That's my understanding, certainly. The account number, sort code, IBAN and so on are the "public" face of the account; the password, mother's maiden name, the name of your first pet and the street you lived on as a child are the private face. Keep the two firmly seperate and there should be no problem. Link to comment Share on other sites More sharing options...
Clair Posted August 7, 2011 Share Posted August 7, 2011 MBK,If you have a French bank account, you r bank details are printed on the RIB (Relevé d'Identité Bancaire) enclosed in your chq books. This is to facilitate pavements by direct debit or by transfers.The paying guests from the Netherlands or Belgium I have dealt with almost exclusively pay by transfer and I transfer the security deposit back to them online. Link to comment Share on other sites More sharing options...
milkeybar kid Posted August 7, 2011 Author Share Posted August 7, 2011 The payment is a UK bank account to UK bank account but different UK bank names!Phew, I am feeling better by the minute, that it could be safe. Thank you Link to comment Share on other sites More sharing options...
KathyF Posted August 7, 2011 Share Posted August 7, 2011 It's absolutely safe for all the reasons already given. I cannot remember the last time I wrote a cheque in the UK. If we need to send money to our children or grandchildren or they to us, it's always by bank transfer and we use it increasingly for other things too. Link to comment Share on other sites More sharing options...
AnOther Posted August 7, 2011 Share Posted August 7, 2011 Paypal is an option if giving out your bank details worries you. Link to comment Share on other sites More sharing options...
milkeybar kid Posted August 8, 2011 Author Share Posted August 8, 2011 Strewth, now he say its a bank transfer NOT internet banking, not bankers draft!.Has any one done this and are there any charges. Perhaps, there is a legal way of sending cash by special post £200.00?Thank you all for being so informative. Link to comment Share on other sites More sharing options...
KathyF Posted August 8, 2011 Share Posted August 8, 2011 I'm getting confused here, MBK. [8-)] You specifically asked about bank transfers at the beginning of this thread and all the replies are on this subject. I have never done a banker's draft in my life but regularly make bank transfers online (which is what is meant by internet banking) It's totally safe for both the recipient and the one doing the transfer and the money will appear in your account almost instantly. It's also totally free if the transfer is, as you say, between two different UK banks. Just go ahead and let the person have your 'public' bank details as explained in previous posts and you'll see how easy and safe it is. Link to comment Share on other sites More sharing options...
milkeybar kid Posted August 8, 2011 Author Share Posted August 8, 2011 Thanks KF, I am confused as well, I have double checked his 2 emails. The first says he will do a bank transfer. When I queried some points he says I have misunderstood he is not proposing a transfer through internet banking or bank draft, but he will ask the bank to transfer money directly but he needs my bank details!!!At the start of this thread I do refer only to bank transfer the replies have been on "online banking transfers" . But all very informative. I have now emailed our bank to ask what other way other than cheques, bankers draft, and internet banking can money be deposited into ones own account by another person! I will post the reply. Link to comment Share on other sites More sharing options...
Benjamin Posted August 8, 2011 Share Posted August 8, 2011 Apart from him physically going to your branch and paying in cash, their answer will be "by bank transfer"! Link to comment Share on other sites More sharing options...
milkeybar kid Posted August 8, 2011 Author Share Posted August 8, 2011 Benjamin....Bank transfer = online bank transfer - Yes?Simply because there is no other form of bank transfer. Link to comment Share on other sites More sharing options...
Benjamin Posted August 8, 2011 Share Posted August 8, 2011 Yes.His bank will do it online as opposed to him doing it online which we would then call internet banking. Link to comment Share on other sites More sharing options...
mint Posted August 8, 2011 Share Posted August 8, 2011 No need to be confused.The client can pay you in one of the following ways: They can send a cheque (but I think you said they had no cheque book)They can ring up their bank with your account details (name of account, sort code and bank account number) and request their bank to pay money into your account. Their bank might ask them security questions but that's their problem and not yours as none of the security stuff will refer to your account.They can go to a branch of your bank in the UK and, using your details as above, can pay in cash or cheque to be credited to your account.(Benjamin, I don't think it is necessary to physically go to "your branch", any branch of "your" bank will do).If they use internet banking, then by the simple expedient of inputing your "details", again if UK bank to UK bank, just account name, sort code and account number will be sufficient.No problems with giving out, as someone has explained, any "public" information about your account. Any details that you find on your cheque book is "safe" information. Usually, there is a sort code (6 figure number) that identifies your bank, an account number of 8 figures and the name that you use on your account.For a sum such as £200 and UK to UK, there is not usually the need for any more information as regards the address of bank or IBAN or other information.I worked in a bank immediately before coming to France and I am hoping my information is still current. C'est tout! Link to comment Share on other sites More sharing options...
Chancer Posted August 8, 2011 Share Posted August 8, 2011 All makes sense so far but what exactly are the bank details that you are not supposed to give out?I get on average 20 E-mails a day from various people on the Ivory coast wanting to pay several millions into my bank account, ever since I uttered the famous last words "I have never yet recieved a spam E-mail" [blink]Now as I already feel like the richest person on the planet I have not replied to any of them but I assume that very quickly they would ask for bank details such as the above, do they also ask for passwords? Do people really give these out? Or is it that armed just with the details on an RIB they have some way of taking your hard earned?I ask because enough people do get taken in by these scams to make it worth their while Link to comment Share on other sites More sharing options...
nomoss Posted August 8, 2011 Share Posted August 8, 2011 Some people should not be out on their own [:D]. Link to comment Share on other sites More sharing options...
EuroTrash Posted August 8, 2011 Share Posted August 8, 2011 But from what you read, the Ivory Coast gentlemen's scam is not that they take money out of your bank. You do. They put money into your bank (not), and persuade you to give them some of it back. Unfortunately you end up with none of the money they 'sent' you, whereas they do get the money you send them, and that's the last you see of it. Link to comment Share on other sites More sharing options...
milkeybar kid Posted August 9, 2011 Author Share Posted August 9, 2011 Sweet 17... you hit the nail on the head. We have a reply from our bank........The easiest way to make a transfer is by the Faster Payment systemoperated by all the main clearing banks, which can be done by internetbanking, telephone banking or by personal visit to the branch. The payerneeds the sorting code , account number, beneficiary name, and amount. Thepayment is normally instantaneous , costs nothing and is available for anyamount up to the value of £10k Link to comment Share on other sites More sharing options...
mint Posted August 9, 2011 Share Posted August 9, 2011 There you go, Kid, and it's nice to see you back on the Forum![:D] Link to comment Share on other sites More sharing options...
Théière Posted August 9, 2011 Share Posted August 9, 2011 [quote user="sweet 17"]I worked in a bank immediately before coming to France[/quote]So that how you financed the Chateau [:D]Bank transfers may be safe handing it to sweets ................[;-)] Link to comment Share on other sites More sharing options...
mint Posted August 10, 2011 Share Posted August 10, 2011 Silly me, a typo! I don't mean I worked IN a bank, Teapot, I really mean that I worked a bank![6]Well, as they refused to lend me the money and transfer it into my bank account, I didn't have much choice! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.