Never share your online banking passwords, PINs, CVV/CVV2 numbers (three-digit security code on the back of cards), or one-time passwords (OTPs) to avoid unauthorized access. While routing numbers are generally safe, avoid sharing full account numbers, debit/credit card numbers, and login credentials with untrusted parties.
Be cautious about sharing personal financial information, such as your bank account number, social security number, or credit card number. Do not click on links in texts or emails from people you don't know. Scammers can create fake links to websites.
Never give anyone your inline banking information and routing number/account number only on a need to know basis (eg, employer, IRS) or a party needing that for electronic billing (eg, insurance).
Protecting your personal and bank information is very important. Remember these simple rules: Share only safe details: Bank name, branch address, routing number and codes for international transfers. Keep sensitive details private: Full account number, online login, PIN and security answers.
It's generally not safe to give your routing and account numbers to strangers or untrustworthy individuals, as they can use it for fraudulent ACH transfers, create fake checks, and steal money, but it's necessary and safe to share with trusted entities like employers (direct deposit), utilities, or government agencies (IRS) for legitimate transactions, provided the channel is secure. The risk comes from unauthorized withdrawals, so always verify who's asking and why, avoiding unsolicited requests.
Note that there is very little a scammer can do with a bank account number alone. They will not be able to use it to withdraw money from your account, write checks, or pay for items online.
You'll need to give them the following:
Always use secure channels to send your bank details. As a consumer, the most secure channel is your financial institution's online banking platform. Giving your bank account number over the phone is also safe provided you can verify the individual you speak to.
Generally, it is safe to share your account number and sort code for legitimate purposes, such as receiving payments or setting up direct debits with trusted companies. However, while these details alone cannot be used to directly withdraw money, they can be exploited in fraud attempts.
In the wrong hands, this information could provide criminals with direct access to your accounts and your money. Banking information you should never share includes: Your online banking account passwords. Any PINs associated with your debit or credit cards.
The safest ways to receive money from a stranger involve platforms with buyer/seller protection or in-person, secure methods like cash or cashier's checks, using apps like PayPal Goods & Services, meeting in public for cash, or getting a verified bank transfer, while avoiding untraceable methods like gift cards or crypto. Always use strong security, don't share excessive details, and trust your gut if a deal feels suspicious.
Also, you should never share your personal banking details, such as PIN, card number, card expiry date and CVV number (that's the three digit number, which, in Starling's case can be found on the right side of the signature strip).
Can someone set up a direct debit without my permission? Not legally – direct debits should only be set up with your permission, but fraudsters can sometimes still manage it by using stolen personal details. That's why it's so important to protect your information and keep a close eye on your account.
Sharing your bank details for incoming payments is generally safe, but you should never share passwords, PINs, or security codes.
If a criminal has both your routing number and account number they can potentially steal money from your account through fraudulent ACH transfers and payments.
It's generally not safe to give your routing and account numbers to strangers or untrustworthy individuals, as they can use it for fraudulent ACH transfers, create fake checks, and steal money, but it's necessary and safe to share with trusted entities like employers (direct deposit), utilities, or government agencies (IRS) for legitimate transactions, provided the channel is secure. The risk comes from unauthorized withdrawals, so always verify who's asking and why, avoiding unsolicited requests.
Wire Transfers
A wire transfer is another name for a bank-to-bank transfer. This is the most common way of making a transfer especially if the amount is large, or it is an international transfer. A wire transfer is a secure option as your bank or financial institution verifies that the funds are available to be sent.
Your bank account number alone is not enough for someone to withdraw money from your account. Scammers can use your bank account and routing number to commit ACH fraud, make online purchases, deposit money for illegal activities, and create fraudulent checks.
To make a bank transfer, you'll need the:
In addition to the person's name, sort code and account number, your bank might also ask you for: Their address. A reference phrase or number – this is often needed for bill payments.
With just your name and phone number:
Fraudsters could impersonate you and have your service provider activate a new SIM card in your name. Once they put the new SIM card into their phone, they can start using your phone number instantly. Your name will show up on the caller ID when they make outgoing calls.