BEWARE OF PUTTING BANK ACCOUNT DETAILS ON EBAY FOR PAYMENT OPTION

[downunderphones]

To ALL Sellers,

Please BEWARE of putting a BAnk Account Transfer payment option onto eBay.

CRIMINALS are going into checkout to obtain your Bank Account Details to use for fraudulent activity.

I recommend ALL sellers to use ONLY PayPal as a payment option.

[davewil1964]

All they can do with your bank account details is make a deposit. There is more information on a cheque.

[harley_babes_hoard]

The sensible thing is to open a bank account solely for the purpose of online trading and withdraw or transfer lump sums into another account. If the account is compromised there is very little they will get.

[amber-eyed-girl]

Both prior comments are spot on, cheques have a lot of information, as it is needed for the transfer of funds using a cheque.

The Nab has fee-free accounts, if you would like to open one purely for eBay to limit exposure.

[lyndal1838]

How are they using the details fraudulently? 

I have known sellers who have had their details freely available in their listings not just through checkout with no problems at all for many years.

[davewil1964]

I've never had a problem, although my account details are only available at checkout.

Mind you my account is with ING and you cannot access it using the account number - you need the client number, which is totally different.

[digital*ghost]

You don't need to access someone's account to attempt to defraud them of money. I'm not going to spell it out here, but all you need is the name, BSB and account number, which is exactly what you need to pay money, as well.

The instances of that type of thing occurring are very low, and the bank will probably protect your money (i.e. credit it back one way or another), but that doesn't mean it's not possible.

[Anonymous]

I am sure there are profiles of individuals out there and they are added to as information is gleaned

from the internet. A real name here, a birthday there, possible kid's names and in my case a bloody

driver's license lost in the mail. Most internet banking is done using logins that bear no resemblence

to account numbers....whew !!