My daughter is buying a vehicle from me. She wants to transfer funds from her bank in Virginia to my bank in Georgia. We do not have the same bank. She says she needs my account number to make this transfer. Can she use my account number to withdraw the money without my knowledge?
Untitled
Theoretically, yes, she could use your account number information to take funds from your account. However, if you have ever sent her a check from your account, she could have obtained the same information then. If anyone takes funds from your account without your authorization, you have the right to enter a claim with your bank, and be reimbursed, if you do so promptly.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Theoretically, yes, she could use your account number information to take funds from your account. However, if you have ever sent her a 