Ferrari Mailing List: Re: No Ferrari Content NFC - Business Banking Question

[Dan Spalding (dan_bob_spalding]

Never, ever, give wiring instructions to your bank account to someone you do
not trust or do not trust them to keep it safe.  I think banks should offer
a one-time account for use in situations like this.

Once that account number plus the bank ABA information is out there, it can
be used to write what are called demand drafts as I recall, which are
essentially payee requested checks from *your account*.

There was an article about such things last year or so.
http://www.msnbc.msn.com/id/7914159/ has it and a site where you could go
and automatically get demand drafts, given only the account and ABA numbers!
Thankfully, that site is gone (qchex.com) but I would bet there are others.

Here is another site about qchex.com:
http://www.privacyrights.org/ar/qchex.htm


Dan
  


> -----Original Message-----
> From: Jason Polzer [mailto:jason [at] internethosting.com]
> Sent: Friday, December 01, 2006 06:28
> To: Dan Spalding
> Cc: The FerrariList
> Subject: Re: [Ferrari] No Ferrari Content NFC - Business Banking Question
> 
> Be wary of Paypal.  Sorry I can't answer the banking question.
> 
> Paypal took back a sizable amount of money from me two months after I
> received it.  Of course I did not have enough money in my Paypal account
> so they just took it from my bank account/credit card.  Apparently the
> monies I received from their paypal account was funded with a stolen
> credit card.  So Paypal's policy is the legit user gets hosed out of
> goods AND money.
> 
> Use an insured method for international trade if the $ amount makes you
> sweat.  I've never used one, only heard about them.
> 
> Jason
> 
> LarryT wrote:
> > Howdy -
> >     I have a potential customer in Croatia whose credit card was
> declined.
> > He asked for my bank info so he could do a transfer but I am nervous
> about
> > providing that kind of info.  Instead I suggested he use PayPal and
> deposit
> > the needed funds into my PP acct. - which I have never had trouble with.
> >
> >     Was that reasonable or is there *no* danger in providing bank acct.
> info
> > to strangers?  I hear so much about scams I guess I'm gun-shy.  I know
> very
> > little about bank transfers but I would think since the info is readily
> > available on the bottom of my checks the danger would be minimal - but
> > crooks are so ingenius these days.
> >
> >     Am I being too cautious?
> >
> > TIA -
> >
> > Larry T (67 MGB, 74 911, 78 240D, 91 300D)
> > www.youroil.net for Oil Analysis and Weber Parts
> > Test Results http://members.rennlist.com/oil
> > PORSCHE POSTERS!  youroil.net
> > Weber Carb Info http://members.rennlist.com/webercarbs
> > Porsche Road Test http://members.rennlist.com/roadtest/
> > .
> >
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