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Safe to give out Sort Code + Account Number?

edited 30 November -1 at 1:00AM in Budgeting & Bank Accounts
16 replies 283.8K views
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  • 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!
    Loan-£3600 only 24 months of payments to go!!!
    All debt consolodated and cards destroyed!!
    As D'Ream would sing 'Things.....can only get better'!!!
  • YorkshireBoyYorkshireBoy Forumite
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    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?
  • 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. :D:cool:

  • Mark7799Mark7799 Forumite
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    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.
    Gwlad heb iaith, gwlad heb galon
  • Paul_HerringPaul_Herring Forumite
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    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.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • benjusbenjus Forumite
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    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.
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
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