to ask whats the maximum sum you would be prepared to write off in this situation

[user09090909E]

if you paid someone some money by mistake, they offered to refund it if you sent them your bank account details but you didn't want to give them your bank account details because you didn't trust them, what's the maximum sum you could live with as the cost of your mistake?

am in exactly this situation and am just thinking of writing it off. but unsure becauase of the amount.

Give them the bank details. Sort code and account number are intended to be given out, there's not much a person can do with them beyond pay money in and set up a direct debit - which could be rumbled fairly quickly and dealt with by the direct debit guarantee.

I wouldn't take advice about asking for repayment via another account/app like paypal. If someone 'accidentally' transferred me money one way then asked for it back via another method, it would be ringing alarm bells for me.

Nothing because I give my bank details to people to make payments whenever needed as there isn’t anything they can do with them. Educate yourself

Nothing bad with giving your pay in details -_- Ive tried explaining this to an older family member

@JustPleachy @PinkArt JustPleachy · Today 11:47
I wouldn’t be in this situation because I know that there is absolutely zero risk in giving someone the paying in details of my bank account.

What is it you think they can do?

I'm actually a bit shocked you would think that! There is a lot that can be done.

Money laundering - paying money into your account without your consent. Phishing - pretending to you they are your bank because they have that number.
With your name and address, use the info to bolster fake loan applicaitons.
Set up a direct debit using a fake signature.

www.aura.com/learn/what-can-someone-do-with-your-bank-account-number

https://www.sunnyavenue.co.uk/insight/is-it-safe-to-share-your-sort-code-and-account-number

So sending a number to someone you don't trust is a bad idea. This is especially so if they are lax with their own e- security - so their email or texts are at risk of being hacked (and then combed for all bank account details by criminal AI bots) - so a person who regularly loses their phone and doesn't pass word it or uses free email accounts that are regularly hacked is a very unwise person to be sending your name, email/phone number, plus bank account details and sort code too.

Have you never met anyone who has had an identity fraud/bank loan/fake problem? It happens lots.

That's not the point though really - even if you aren't very savvy about fraud and don't think it's a problem - just assume for the sake of argument for the purposes of my qu, that you just didn't want to give someone your details, what's the maximum sum you'd write off.

An 'older family member' isn't going to have any concerns about other people knowing their bank details.

In decades gone by they probably handed these out on endless cheques, along with a copy of their signature.

Are you usually this anxious about normal every day things?

Giving them your account and sort code is like them knowing your name and address.

In fact lower risk because they can't use them to spam you with junk mail or come round to hassle you.

You should be able to set up online banking so you get a text if a direct debit is set up on your account, and even if you don't you can just check your statements which you should be doing anyway. Your bank is obliged to refund you for any misuse of a direct debit.

I'm always surprised that more people don't know about Pay M. You link your phone number to your bank account, so that when someone selects pay a person, they can send the money to your bank account via your phone number.

@ChampagneLassie see my post above - you need to educate yourself!

I'm so surprised how people have so little fraud awareness!

Give them a paypal account if you don't want to share bank details. You can even make an account specifically for this. I would not write off any money.

@user09090909E one thing I can guarantee is that I am “savvy” in this area😅

You made the mistake so you need to take some responsibility for getting it sorted out without inconveniencing the person whose problem you have made it.

You’re banging on about fraud awareness but who was it that accidentally sent money to the wrong person? That wasn’t very ‘aware’ of you.

I might write off a very trivial sum (no more than £10/15) because of the possible hassle of cancelling a fraudulent direct debit in the very small chance that someone actually tried to set one up and checks by the retailer and bank failed to pick it up.

If people want to send money to my bank account in some sort of money laundering attempt, they can go ahead. I'll just park it in a savings account to earn interest and tell my bank I've got a mistaken credit and wait for them to tell me what to do with it.

I don't think I'd fall for a phishing attempt, because I know to not give details to anyone who contacts me 'from the bank' however credible they may seem.

The amount needs to go back to you to the same account to comply with anti money laundering rules.

What?? Don't be ridiculous.

@JustPleachy well you aren't are you. you said there was zero risk.
I've just listed and linked to a number of things that are a risk.

Like I said, if you know anyone who's had large money laundering deposits made or fraudulent loans and id fraud you wouldnt be saying there was zero risk.

Even the admin and time involved in sorting out money laundering is horrific. If
A gets caught for money laundering and has made big deposits into Bs account because they have their bank details and were planning on a separate fraud to retrieve it, the criminal investigation will involve B who will have to show they were totally innocent and new nothing about it. who wants to get involved in that shit show?

Ridiculous? Ha! If this is a business, it has to. Check Direct.gov uk to see you are wrong.

If you are not a business, you can do pretty much whatever you
like without HMRC and fraud prevention going after you.

I'd just give my bank details.

How much anyone would just write off probably depends on how wealthy they are.

How much can YOU afford to lose without thinking of it? it doesn't really matter what that amount would be for me or anyone else,

Completely tin foil hat stuff.

The world would literally shut down if everyone thought like this, the banks also have fraud teams specifically for if anything happens. There is absoloutly NOTHING wrong in giving your pay in info, its literally what its for. Its not like posting you card details and pin number to facebook or something.

I bet your the same type of person that believes the 'colour of your underwear + last thing you ate is your new nickname' posts are somehow a massive bank hacking scam too.

Why would someone launder money into your account where it is then not accessible to them?

I don't think someone as paranoid as you would somehow pay into the wrong account 😂

Are you writing a story or something?

Are you the ultra fraud savvy person, who sent the wrong person money?

Does that not by your own standards, make you a potential fraudster?!

Get them to pay into PayPal, or give them a payment link instead (a lot of modern bank apps offer this). Or give you the cash.

I wouldn't be willing to lose out on the cash (unless it was a few quid).

Can you ask for it in cash?

twenty quid

How did you accidentally pay them the money? Can they not return it the same way?