Safe to give out Sort Code + Account Number?
Comments
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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'!!!0 -
It's been mandatory for all new users since the start of the year...Look up AUDDIS - it's the automated DD setup that most large companies use.
...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?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/0 -
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: 0 -
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 galon0 -
Which number(s) did you give them though? The sort code/account number or the 16 digit number across the middle of the card?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..
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 Dorries0 -
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 warning0
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