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.

“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?”

So going by the information you’ve given, if anything the person you paid by mistake should be wary of you?

My bank phones me when they suspect fraud so BOTH can happen.

Haven't RTFT, so I'm pretty sure that this will already have been pointed out, but:

Every cheque in your chequebook has got your sort code and account number printed at the bottom of it. If you've ever paid anyone by cheque, then that person can see your sort code and account number on the cheque.

It's not confidential information.

This is a really bizarre thread. 😂

Either write the money off or just ask for it to be sent to a PayPal account. It's not a big deal.

Same here, my window cleaner puts his sort code and acc no on his website.

If they don’t have a cheque book, get them to buy a gift card for shop you use like one of supermarkets for that amount

unless they owe you £10k🤣🤣🤷🏼‍♀️

Yeah, because that avoids any money laundering rumours

I work for a bank and you are being well over the top 🙈

I would give them an account number of a fairly dormant account and ask for money back

Fine. You won’t get your money back though 🤷‍♀️

Having read all your posts I think for your own peace of mind you should write it off.

Tell us how much so we can answer your question already!!

also you can just send a payment link

OP
I am not sure if you genuinely are asking for advice or this is fish bait to argue with people and tell them how wrong they are with the answers they are giving. Ofcourse now days we are all at risk of fraud but some of the examples you have mentioned are not as black and white as just going into the bank and having your details and using it for there own gain etc, you also mentioned laundering money and then phoning the recipient and using a story so the money can be paid back to them however as you are aware of this scam it is unlikely you will fall for it.
You are obviously aware of this persons details and I would assume you are not going to use them fraudulently. If this is the way your brain works perhaps you need to speak to someone to rid you of these anxieties as I can imagine they spill over to other areas of your life
I wish you well

I think what is key here is that for most people the answer is pretty much zero. You have the other persons bank details etc

but setting up a PayPal account and getting them to transfer it there may be a solution

I may have missed this bit 🤷🏼‍♀️

You're overly paranoid. The things you mention can only happen if you're giving away a whole load of extra information you shouldn't be, or you're making other stupid decisions.

Money laundering - paying money into your account without your consent.

Someone couldn't contact you to tell you they'd laundered you money, because they wouldn't have your contact info. So they're just giving you money. And presumably if you're an honest person you'd contact your bank about that if you did believe someone had put money into your account mistakenly, regardless of what you thought they may be doing.

Phishing - pretending to you they are your bank because they have that number.

People should either be directly logging into their banking website or app or going into a branch. Ignoring texts, calls, emails etc unless they've requested them. Any that you're uncertain about, go into a branch or contact directly via your actual bank account (not links to them).

With your name and address, use the info to bolster fake loan applicaitons.

They'd need your address and your birth date and proof of address such as a utility bill and likely a copy of your ID for that.

Set up a direct debit using a fake signature.

Ditto, and you can cancel that easily and get your money back.

Using the postal system in general is more risky than giving someone bank account details to pay you. It's easy to tell when there's a card in the envelope and easy to see from the return address whether something is sent from a bank. Or even just any kind of letter that has someone's full name, birth date and address is enough to cause damage if you know the right places to use it to take advantage of their credit score. If you're a postie or post office worker you can easily intercept things.

Money laundering - paying money into your account without your consent.

your bank will be able to trace the source of the money and know it wasn't you.

Phishing - pretending to you they are your bank because they have that number.

but the fact you know that, means they won't be able to phish you, because you'll question when you receive phishing emails and not react to them.

With your name and address, use the info to bolster fake loan applicaitons.

sorry but this is akin to say "the sky could fall onto you head,". Yes all sorts of nightmares could happen but you need to think rationally as to the likelihood of that happening.

Set up a direct debit using a fake signature.

you can check all direct debits on your account and evidence your bank it wasn't done by you, therefore it was an unauthorised transaction.

without going into the reasons or the logic of the question, what you could do is open one of the online bank accounts with one of the newer internet banks, Tide for example, you get an account number pretty much straight away, with no credit checks, give them that number, once the money has cleared, close the account

Yes, and of course I will want to go out of my way to buy a voucher for some random person (or maybe I know them 🤔) for somewhere of their choosing because they don't want to give me their bank account number - even though they have mine, and they think I'm the fraud risk
😂😆

In the olden days, your sort code and account number was in every cheque. I would give them that and no more.

If you get a huge (or even not huge) unexpected payment into your bank from a source you don't recognise, you immediately tell your bank.

Unless you were planning on holding on to it in the hope no one asks for it back, you wouldn't have to worry about getting caught up in money laundering.

OP - how do you want the person to repay you the money if you won't give them your bank account details?

@user09090909E I haven't read the whole thread so apologies if this has already been suggested. But - you could always open up a new separate bank account totally different from you existing current account. You can usually do this on-line.
Get the person to re-pay you using the new bank account details - then once it's all sorted transfer funds yourself to where you want them to be.

Sorry your int his situation. I do get what you're saying that ideally you dont wish to share ANY additional info about yourself - but in all honestly giving them your bank details on there own is a very small risk. so to answer your question - it would have to be a significant sum of money for me to go to the hassle of opening up a new bank account - but it could be an option for you.

Surely its really hard to mis transfer these days given the checks re accurate name etc. I had to have a couple of goes for a mate as the name she'd given me didn't quite match what the bank account name was, e.g Mrs A Smith rather than Anna Smith. And they ask you if you're sure, or at least hsbc do.

This. I really don’t understand how you expect the money back if you won’t give your bank details? If you’re that bothered can you not just ask for a cheque although not many people I know have cheque books anymore.