FYI: identity theft

From: Jim Isbell, W5JAI <>
Date: Wed Nov 24 17:52:49 2004

I dont know if this involves direct deposit or not, but if it does, do
not do it. In the US the law clearly gives anyone who can directly
deposit the right to also withdraw. They claim the law is necessary
(bankers loby) so that if someone deposits too much they can retrieve
the excess. BUT they are not limited to only the amount of the
orriginal deposit so they could drain your account. I dont even like
giving the Social Security people the direct deposit ability but the
government has now decided that if you want SS you have to get it by
direct deposit. Same goes for my pension.

The best thing to do in these cases is to have a dummy bank account,
one that is FREE from monthly charges and keep just $5 in it. Then
accept all payments to that account then immediately transfer the
funds to your regular account. Today with computer banking its not
very hard to do. I do that with my PayPal account because PayPal has
the ability to withdraw from your account also.

On Wed, 24 Nov 2004 18:57:48 -0000, Antonio Carlini
<> wrote:
> > I've been noticing something else new to E-bay too. I've
> > sold several
> > items to someone in Europe and they respond aaking for my
> > banking info and
> > claiming that they want to pay by wire transfer. I've been
> There's someone selling ESR meters in Spain or Portugal (I
> forget the exact details) and his preferred method of
> *accepting* cash is effectively a wire transfer (he
> provides an IBAN number, you send the cash).
> I've also had several people from other parts of
> Europe (I'm in the UK) asking if they can pay
> directly, all I need to do is provide an IBAN for
> my account. I've declined up to know (because I
> have no idea how it works, what scams might lie
> behind it and - most importantly - what the charges
> are and who pays them!) and they've all gone on to
> pay via PayPal.
> There may be a scam behind these but I don't know what
> it is. Be nice to find a way to avoid the paypal
> charges though!
> Antonio
> --
> ---------------
> Antonio Carlini

Jim Isbell
UV #257
CAL 27 #221
Received on Wed Nov 24 2004 - 17:52:49 GMT

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