Questions tagged [security]

"Security" as in "how can I rely on the security of this transaction?" For questions regarding tradable assets, the tag "securities" should be used.

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Does a Tax Identification Number (TIN) provide greater safety than giving SSN?

For some years I was selling PDFs through a Web site. This Web site recently switched to using a new financial product similar to PayPal that would transfer the profits to my bank account. They ...
Village's user avatar
  • 2,647
-1 votes
1 answer
120 views

Is Tiller a trustworthy for tracking personal finance & budgeting?

I want to track my personal transactions with spreadsheets and do budgeting there. I came across https://www.tillerhq.com, which seems to solve that perfectly. I want to be smart about who I expose my ...
andykais's user avatar
0 votes
0 answers
109 views

Are Google Docs secure for financial information?

I am dealing with a vendor who needs to pay me. They provided a Google Doc where I can enter my bank routing # or credit card #. Would this be secure?
KAE's user avatar
  • 153
0 votes
3 answers
304 views

What information is needed for someone to withdraw money from someone else's (US) bank account?

I have a US bank account and a paypal account. I wanted to withdraw money from my bank account to my paypal account. The first step was to link the account. I did that by giving paypal my account ...
HanMah's user avatar
  • 345
-1 votes
2 answers
66 views

Is FIS (Fidelity National Information Systems) a client of CENTRL?

The company CENTRL lists FIS* as a client on their website. Can anyone verify this, or show me how to verify it? Susquehanna mentions CENTRL on their site as someone they have backed. *FIS site: https:...
TyrannicalDuncery's user avatar
3 votes
0 answers
221 views

Why is account ownership verification required for direct debits in Spain, but not in Germany?

Recently, I have learned that in Spain, it is customary when indicating a bank account number for a direct debit payment1 to also submit a "certificado de titularidad bancaria", a document ...
O. R. Mapper's user avatar
1 vote
1 answer
284 views

I have opened an account with a Neobank Yuh. I'm totally confused why I don't have a username and password, there is also no 2FA [closed]

In less than 1 hour I was able to open an account with Yuh. The process worked very well, only small bugs. I could not find a web UI for Yuh. On the iPhone Yuh app, I log in with FaceID. Am totally ...
Sybil's user avatar
  • 688
52 votes
4 answers
13k views

Scam caller asked for last 4 digits of card. Fake number doesn't fool him, does he have my full number?

I just got off a very obvious scam call where the scammer was offering to "lower" my interest rate. I played along to try to waste some of their time. I gave a fake expiration date and a ...
stormdrain's user avatar
2 votes
8 answers
4k views

How can I get the same protection shopping with a credit card, without using a credit card?

Following the advice of Dave Ramsey, I'm getting rid of my credit cards. The problem is, the alternatives don't seem safe. There are people who stand around the cash machines watching people take out ...
Village's user avatar
  • 2,647
1 vote
2 answers
250 views

ACH Direct Debit Blocking (fraud protection, security)

How can I setup a bank account in the US that can receive ACH credits but block all ACH debits? I have a bank account for my business that has an ACH routing and account number, so that my customers ...
Michael Altfield's user avatar
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0 answers
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Are Transaction/Order/Trade ID/Numbers attached to the trade of a security sensitive information?

Some brokerages display some Transaction/Order/Trade ID/Numbers that identifies or qualified a trade of a security (e.g., the purchase of some stock): is that sensitive information? Example on TD ...
Franck Dernoncourt's user avatar
1 vote
1 answer
3k views

What information can the merchant see about you when you pay with Paypal?

Just paid a shady looking seller using Paypal thinking that Paypal could protect me. Bought a digital product, received, but rethought the whole thing and now I think I don’t trust the seller to not ...
Egoless's user avatar
  • 13
3 votes
1 answer
870 views

Are online purchases using PayPal safer than using a debit card?

I have a PayPal account that is linked to my Mastercard debit card, which is linked to my bank account. I usually make online payments using PayPal instead of directly using the debit card. PayPal ...
Flux's user avatar
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1 vote
1 answer
161 views

Security lock on my account to prevent anyone signing up for cards

I have been dealing with someone trying to use my credentials to apply for debit cards etc. I have already put a credit freeze on my account but that does not seem to do anything when a person orders ...
Mary Doe's user avatar
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0 votes
1 answer
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Difference between secured debt and security interests

I am trying to better understand the difference or similarity among the following terms: Secured/Unsecured Debt Security Interests For example, when I hear the term secured debt, I immediately think ...
Frank Swanton's user avatar
1 vote
2 answers
213 views

Best practices for protecting retirement savings?

Let's say my nest egg is in ETFs in a taxable account and an IRA with the same brokerage. SIPC insurance may cover me "if the firm fails financially", and only up to $500,000. That is per ...
Ken - Enough about Monica's user avatar
1 vote
0 answers
162 views

SEPA Direct Debit Blocking in EU (IBAN security)

How can I send an official, legally-binding letter to my EU bank that requires them to block all Direct Debits from my account? I recently moved to Europe and was shocked to discover that an IBAN ...
Michael Altfield's user avatar
1 vote
0 answers
69 views

As a EU citizen, are there any low-effort diversification options that could protect me against inflation or a local crisis?

The recent political events in the EU and in my own country (Poland) led me to reconsider my current saving scheme and I'm looking for a low-effort way to diversify what I have in order to better ...
d33tah's user avatar
  • 197
30 votes
5 answers
7k views

Credit card numbers on the back - is it not less secure?

I got a new credit card today (replacing the old one which was worn out) and I noticed something new - all the numbers have now moved to the back of the card, leaving the front empty. Apparently it's ...
Vilx-'s user avatar
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-3 votes
2 answers
250 views

If my bank account was hacked via an insecure phone, would I be better off if I had warned the bank about it?

For environmental and financial reasons I have always used second hand or grey market mobile telephones. For work purposes I have general purpose computer kept as secure as possible, purchased new ...
User65535's user avatar
  • 422
0 votes
0 answers
200 views

I just bought a home and I want my new address to not be searchable by using my name. How can I keep my new address from being found

I understand that all real estate transactions are public knowledge. As far as displaying the value of my new home, how much it was purchased for, or if we took out a load or bought it in cash, I can ...
MakeThatMoney's user avatar
3 votes
2 answers
602 views

Does Plaid provide snapshot or ongoing access to your financial data?

When a user connects their financial institution (e.g. bank) with Plaid for a fintech app or service, what type of authorization to one's transactions does that connection provide? Is it a one-time ...
Dan Dascalescu's user avatar
17 votes
5 answers
7k views

Is my investment safe if the broker/bank I'm using goes into insolvency?

I'm using Scalable Capital as my broker. Once I buy ETFs through them, if Scalable Capital (or the bank they are partnered with) goes into insolvency, is my investment safe? I'm wondering if I should ...
MarkJeglic's user avatar
-3 votes
1 answer
749 views

Is this a Sugar daddy Bitcoin scam or not? [duplicate]

I’ve been talking to this acclaimed “sugar daddy” and I’m trying to figure out if it’s a scam. He hasn’t asked for any bank info or any other private information. He told me that my fee for receiving ...
Michu99's user avatar
  • 21
0 votes
2 answers
287 views

Is it safe to use my debit card for autopay/online shopping?

I have a prepaid AT&T mobile number and want to use it's autopay option. But as I read and heard bad things about using debit card in online shopping, I don't know can I use my debit card or not? (...
user avatar
3 votes
3 answers
464 views

How to avoid 'authorised push payment' scam before transferring lots of money?

There is a scam called 'authorised push payment' where customers are persuaded to transfer money to a scammer, thinking they were transferring it to a reputable business, such as a conveyancing ...
Dave's user avatar
  • 823
1 vote
1 answer
95 views

Calculating the rolling performance of two securities over time

If I want to compare the relative price performance of two equities, an easy way would be to calculate the Comparative Relative Strength (CRS) and graph the result. The calculation is simple. Divide ...
Bob Baerker's user avatar
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1 vote
0 answers
68 views

How does the swap and collateral work in this context?

The ETC (exchange traded commodity) is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The ...
Clone's user avatar
  • 153
5 votes
2 answers
2k views

Is it safe to send merchant PayPal's "Receipt for Your Payment "?

In purchasing on-line from a small store, using PayPal, the seller sent me an E-mail saying, to prevent fraud, they need me to send a screenshot of the E-mail "Receipt for Your Payment" from ...
Village's user avatar
  • 2,647
3 votes
1 answer
151 views

Is there a way to fully secure my stock investment against hacking, theft, computer errors, etc?

I like to keep my savings in various stocks and ETFs. Those are all long term investments which I don’t intend to sell for more than a decade. However I’m constantly paranoid over various threats to ...
JonathanReez's user avatar
  • 5,832
1 vote
2 answers
439 views

Is it safe to keep all my stocks with one broker?

I have an account with a "traditional" stock broker but recently discovered Robinhood which is quite convenient to use and is commission-free. Is it considered safe to keep all my investment ...
JonathanReez's user avatar
  • 5,832
9 votes
7 answers
5k views

Why are cheques so insecure?

I was reading this question about fraud committed by printing and cashing checks and the thought occurred to me that is should be trivial to prevent such scams. There are many ways that this could be ...
Dave's user avatar
  • 823
-1 votes
1 answer
117 views

Mandatory verbalization of private information [closed]

This year I am no longer able to access my account over my phone due the fact that my bank decided to drop (!!!) 2FA-class authorization, so verbalization of my personal information (!) is the only ...
charlie137's user avatar
2 votes
2 answers
529 views

How is it secure to allow withdrawals from my bank by just giving an account number to a financial institution?

To pay my credit card, I just need to enter my bank routing and account number. (US institutions.) That's it. How is that secure? Anyone could enter my bank number and so withdraw my money.
Joshua Fox's user avatar
1 vote
1 answer
108 views

Do financial institutions cover customers for cases of cybertheft?

No cybersecurity is perfect; accounts can be hacked at any time. If I find that a hacker has stolen the money in my bank or broker account, does the financial institution cover that; or is it my loss,...
Joshua Fox's user avatar
1 vote
2 answers
110 views

How do credit apps know credit details and scores even if there is a freeze on the credit records?

I went to apply for a loan online and was automatically denied because I had placed a freeze on my credit records after the data-breaches a few years ago. How is it that mobile apps (e.g. Credit Karma)...
Tim's user avatar
  • 129
1 vote
1 answer
75 views

Which are the safest deposit banks worldwide (according to reputable rating agencies)? [closed]

I would like to know which global banks are the safest for holding money, and though the big three rating agencies are often used to estimate credit worthiness of financial institutions, this seems ...
user avatar
2 votes
2 answers
689 views

CouponCabin cash back security "unnatural activity"

I wonder if someone/anyone can help me out with an issue that's been increasing in recent months. I've been using CouponCabin for almost 2 years (it's another Ebates/Rakuten) without any payments ...
user100196's user avatar
0 votes
2 answers
375 views

Are there better alternatives to the buy and hold method?

When purchasing securities of any sort, there always seems to be two pieces of advice - "buy low and sell high", and "buy and hold." Generally speaking, buy low sell high is incredibly difficult for ...
Franklin V's user avatar
0 votes
1 answer
243 views

Is using a firewall debit card (curve) a good solution to protect my main credit card?

I'm using Curve, a physical debit card that connects all your credit and debit cards in one and let you decide which one to use at each transaction by using its own app. I've used it with my lower ...
KingBOB's user avatar
  • 467
2 votes
1 answer
249 views

Is it possible to steal money from an account/card by knowing only the card number and PIN?

I have an ATM card, it is a local bank issued card without any international payment service like Visa, MasterCard or such. If someone knows only the 16 numbers on the card and the PIN (and also ...
MattCat15's user avatar
  • 125
0 votes
1 answer
68 views

Why not migrate some money to a Government Security?

In this hypothetical scenario a 401k account owner thinks that the market might be about to take a turn for the worst and wants to minimize their losses. They choose to do so by temporarily ...
Rob's user avatar
  • 281
0 votes
1 answer
132 views

Skimmers and bank accounts and banking security

I have read that banks will reimburse for "fraudulent activities". If I have a savings account and checking account, and my ATM is not linked to say my checking account, can this account ever be ...
paulj's user avatar
  • 1,101
1 vote
1 answer
255 views

How can I be sure if my grandfather's money is safe?

Years ago, my grandfather sold an old apartment and opened an investment account with a financial advisor he knew from his neighbourhood. The financial advisor works with a broker and my grandfather ...
Luis's user avatar
  • 195
3 votes
1 answer
732 views

Securities lending program vs a Margin Account

Suppose I have a brokerage account and I am long on a stocks very heavily and there are short sellers who need this stocks from my broker. There are two ways a stock broker can lend securities held ...
Raj's user avatar
  • 3,472
14 votes
2 answers
558 views

Are banks discontinuing single-use virtual credit card numbers (like BofA's ShopSafe)?

I found this old question / answer that refer to the same problem: I used to generate a new virtual credit card number with BofA's ShopSafe service, set the credit limit / expiration date and I could ...
xxbbcc's user avatar
  • 241
2 votes
3 answers
139 views

Are there investable securities that grow nonlinearly/exponentially with the underlying asset?

Let's say I'm a commodities trader, and Jesus Christ himself has just told me that gold is about to become much, much more valuable. We'll leave the debate on whether that's insider trading to another ...
Tal's user avatar
  • 129
2 votes
2 answers
167 views

Trailing Stop Order - how often do they get executed due to an error?

I've just submitted a trailing stop order. In the order preview a warning icon popped out: "...your order can be executed due to a system outage or accidental miscalculated ticks..." How often does ...
GemStone's user avatar
  • 111
1 vote
2 answers
133 views

Safe to work for an LLC with an owner involved in lots of things?

I am in the USA. I have only worked for public companies so far in my career. However, I recently received a nice job offer from a small company with < 100 employees. The company is an LLC that has ...
ShakyElephants's user avatar
1 vote
2 answers
5k views

Unknown 3rd party asking for first 6 & last 4 digits of my CC

I recently noticed 3 separate charges, spaced two weeks apart, for $39.99 each on my bank statement. The charge descriptions feature websites that I don't recognize - two charges are from one site and ...
drs's user avatar
  • 11