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Setting UP A Direct Debit For Tenant
shaz77_2
Posts: 1,881 Forumite
Hi All
A tenant living within my house wants my bank details so he can pay his rent weekly via a direct debit, this is a little new to me and I was wondering if it is safe to do so?
Any advice greatfully received.
A tenant living within my house wants my bank details so he can pay his rent weekly via a direct debit, this is a little new to me and I was wondering if it is safe to do so?
Any advice greatfully received.
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Comments
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It would be a standing order, and I pay my LL monthly this way - no hassle, no late payments, everyone happy!0
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My tenants pay me by Standing Order, no hassle.:jProud mummy to a beautiful baby girl born 22/12/11 :j0
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Thanks guys.
So is it safe to give my tenant my bank account number and sort code in order to setup a standing order?0 -
Yeah it is. Don't forget your sort code and account number are on every cheque that you write!!
M_o_30 -
Good point mum of 3.0
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Yes, I pay my rent like this as well. Have been doing for 3 years, no late payment, landlord is happy, I'm happy.0
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As mentioned, these details are on your cheques.
Presumably, you thoroughly referenced your tenant before you gave them the keys to your property?
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It would require some social engineering (and lapse security practises by your bank) to gain any advantage by having your sort code and account number - search for Jeremy Clarkson's encounter when he arrogantly published his details in the newspaper
I have little problem giving these details out to individuals however and it does make things easy, as suggested; a standing order removes the need to remember to pay your landlord.
If this post wasn't up to your standards, please lower your standards...0 -
Just set up a separate bank account solely for your rental.0
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