Bank Transfer

ray123

The fraudster would need your other info ie name, address, date of birth, name and address of employer - with this info, they would be able to apply for a credit card.
Another word of advice: one of the most basic security questions used by banks is your mothers maiden name. This can be found on your birth certificate, a copy of which anyone can ascertain. DONT USE YOUR MOTHERS MAIDEN NAME!
Is very worrying really, but what can you do. Be vigilant, perhaps sign up for a capital one credit card, through which you can get free ID watch/cover and two credit reports per year.
Keep on top of things and you should be fine...

crispy_chris

Debt_Free_Chick wrote: »

Understand you can't go into "full" details, but can you confirm that the fraud occurred using ONLY the sort code/account? Surely, the fraudster had other "stuff" as well?

Well presumably the person that is paying you the money knows your name already. Just with that information its alarmingly easy to find out details about people, even if they fail at being able to find any further info about you we've had examples of fraudsters knowing our customers sort code/account number & name, pay in fraudulent funds, create false documentation and go into a branch claiming they've lost their card and want a cash withdrawal of the fraudulent amount.

As I say its rare that they succeed with such scant information but it has happened. Sometimes they get 'lucky' and get away with the banks money. I realise as I say this that this example wont result in any loss to the actual customer, but its still fraud taking place on the account!

EarthBoy

Well as somebody has already said, your sort code and account number are known to everybody you've ever given a cheque to, so it's no more or less secure than writing a cheque out.

rb10

EarthBoy wrote: »

Well as somebody has already said, your sort code and account number are known to everybody you've ever given a cheque to, so it's no more or less secure than writing a cheque out.

Yes it is. A cheque has your signature on. So a bank transfer is more secure, as it doesn't give them that.