All 1 entries tagged Account Details

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June 16, 2008

There's this Nigerian prince I know that needs to get some money out of the country…

If us individuals are always told not to give our bank account number and sort code to nefarious folk, lest they empty out bank accounts, why then can companies print their details on statements and invoices for us to pay them by BACS without these malicious people emptying their bank accounts too?

What's the difference between a personal and business account that means anyone with the personal account number and sort code can clear it out, but can only add money to the business account?


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