Is it safe to give my account number to other persons?
A lot of people owe me money and it was too much hassle if I am going to go to them one by one. I was wondering of giving my bank account number because that will be more convenient for me. I am anxious about giving it to them since I am afraid that it might get hacked and all my savings will be gone. I wanted to know if it was safe to give them my bank account number.
No Name
Yes it is safe to give bank account numbers in order to collect the debts. It is safe because it is generally a practice for the receiving party to make the account number known to the paying party, It will only be dangerous if both the routing number and account number was known because a person might be able to steal.