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16 December 2009

Why is it dangerous to give someone your bank details?

Why is it dangerous to give someone enough of your bank details for them to transfer money to you - ie; bank sort code and account number. After all, this is increasingly the normal way for folks to transfer money to each other. Many articles on scams say that once unscrupulous folks have conned you out of these details they can "help themselves to your money", or "clear out your account". How can they do that when all they have is a sort code and account number?

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