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by lojack 3050 days ago
> Everywhere else, all you need to transfer money is the name of the bank, account holder and account number.

I'm curious where you got this bit of information? All I need to transfer money in the US is a routing number and account number.

1 comments

> All I need to transfer money in the US is a routing number and account number

While this is true, Routing + account numbers are less useful as this information can only be shared with trusted parties because anyone with this information can trigger a debit(!) against your account. For all the other countries I know, the worst anyone can do is deposit money into your account.