Timeline for How to withdraw money from an account with only an account number?
Current License: CC BY-SA 3.0
7 events
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| Apr 11, 2015 at 11:11 | comment | added | Dheer | @littleadv With checks, yes the practise stopped a while ago. The way OP has worded the question, I did'nt make the "Check" connection. I was thinking more in terms of olden days where anyone would wire money[CABLE] to a specific Bank or utility store and you could walk and collect the funds ... | |
| Apr 11, 2015 at 4:24 | comment | added | littleadv | @Dheer Legally speaking you can cash it in any bank, but most banks stopped doing it because it is very hard to verify that a check isn't fake. There's no difference between cashing and depositing, from legal perspective, but depositing allows putting hold on the money until the check is verified. | |
| Apr 10, 2015 at 9:28 | comment | added | Dheer | That is only when you visit the specific Bank/Branch and NOT any bank which the OP is alluding to. | |
| Apr 10, 2015 at 8:04 | comment | added | MD-Tech | I only know this from articles and books about dictators who had them in Switzerland 20+ years ago but yes it was essentially a password, see: en.wikipedia.org/wiki/Numbered_bank_account If you're signing for an account its not very anonymous if you think about it! | |
| Apr 10, 2015 at 7:56 | comment | added | littleadv | @MD-Tech never heard of it... Like a password? You whisper something to the teller? Sounds weird...:) | |
| Apr 10, 2015 at 7:51 | comment | added | MD-Tech | that's not entirely true as some countries provide numbered bank accounts where a code word is used in lieu of a signature so if the person who owed you money were to give you that too you could withdraw money. I am guessing that OP isn't in that situation though! | |
| Apr 10, 2015 at 5:06 | history | answered | littleadv | CC BY-SA 3.0 |