- Joined
- Jul 15, 2016
If you Google this question you will literally get multiple high ranking answers from fucking credit bureaus like Experian saying to never publish your bank account number.
But I don't think this is fucking true. I'm pretty fucking sure that companies with lots of money give their information out all the time and never get magically defrauded by people just asking for infinite money, pretty please.
I'm pretty sure the "NEVER!!! Share your bank details" is a fucking credit card myth to force people onto money apps like Venmo
Prove me wrong
It's has to do with the nature of the automated clearing house or ach. The transaction s are run on batches and it takes days for shit to clear.
You can also buy checks from a check printing company so if you have the routing and account number you can do fraud.
I ve had it happen with my old job some gets a deposit back and uses the info on the check to do fraud
Tldr our system is old and won't be modernized because services like zelle and cashapp make money
Before apps it was fucking wire services like western union or paying the bank for a direct transfer.