Safe to give out Sort Code + Account Number?

Scousebird_2

Some companies like fellow posters have said...allow D/D mandate set-ups over the phone without a signature!

But honestly you'll be fine!

YorkshireBoy

Mikeyorks wrote: »

Look up AUDDIS - it's the automated DD setup that most large companies use.

It's been mandatory for all new users since the start of the year...

With effect from 1 January 2008, the use of AUDDIS to submit Direct Debit Instructions is mandatory for all NEW service users that submit DIRECT to Bacs.

http://www.bacs.co.uk/BACS/Businesses/Direct+Debit/Services/AUDDIS/

...although it does mention that the originator keeps the signed DD authority. Maybe the "important - confirmation of direct debit instruction" letter the originator sends the customer (at least 10 days before the first collection) enables them to be set up without a signature?

oldagetraveller

Atomised wrote: »

AOL and O2 take money out of my account each month and I have NEVER received a letter of confirmation , I set it up online (with o2) and over the phone (with aol). I feel a tad worried now..

Surely they should have done and also advised the payments schedule?
I would be asking them why.
However, after saying that I've recently agreed to another years broadband with MAAF, paid by DD, and have had nothing from them. :cool:

Mark7799

jrangi wrote: »

Hi

Not sure if this is the correct forum - therefore apologies if it is not.

Anyway I am landlord, a potential tenant came to have a look at a house on his day off work - he is looking to relocate and is moving from around 200 miles away. Anyway he liked the place and wants to move into my property in around a month. I said to the chap it is currently advertised and I will get other calls, therefore cannot take your word and will need £200 to reserve the house for you. He stated that as he lives far away, can he have my sort code and account number and he will pay the £200 - which he has now done.

I have references from the chap.

Anyway what I am slightly worried about, could I have opened myself up to potential fraud from this Chap by giving him my account details??

I did ring my bank, and the only suggestion they had is for me to take out a £6/month insurance type of scheme (which I dont really want to).

If you asked him to pay his rent by standing order, you'd be giving him all this information anyway.

Paul_Herring

Atomised wrote: »

AOL and O2 take money out of my account each month and I have NEVER received a letter of confirmation , I set it up online (with o2) and over the phone (with aol). I feel a tad worried now..

Which number(s) did you give them though? The sort code/account number or the 16 digit number across the middle of the card?

If the latter, then you've set up a Continuous Payment Authority (search for CPA on the boards), not a direct debit, which gives you a lot less control and protection over payments than a direct debit.

benjus

I have certainly set up direct debits online and over the phone. Most recently I set up a direct debit online with www.gradwell.co.uk for internet services.