Is it safe to give out your bank account number? | Personal Finance | Finance

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COVID-19 has seen a huge surge in hackers targeting vulnerable Brits both over the internet and over the phone, usually by pretending to be a phone or bill service provider and asking targets to verify their bank details.

This has made many people wary of what information they’re actually giving out to people, which parts should never be disclosed and which are actually fine to give out.

Is it safe to give out your bank account number?

Your card’s bank account number, which is a six-digit code usually printed on the front cards is believed to be highly sensitive information by many, but that’s not necessarily the case.

What part of your bank details shouldn’t you give out?

It’s important you never give anyone your card’s PIN, the three-digit security number on the back of your card or any online passwords, as this is where things can get messy.

You should never give these out to a single person. Nobody should ever need these details but if you’re unsure, always check with any business that’s attempting to get your details by contacting them through the genuine customer service details on their websites.

None of the above details are required to transfer money or to make any deposits; anyone who claims to need them is likely a criminal and should be ignored or reported.

When is it accepted to give away your personal details?

There are a few different exceptions to giving out your password or personal details.

Firstly, you could give the details to a secure password manager, which can be used to keep all of your online passwords and details safe.

By using one, your passwords are encrypted and decrypted on your own computer, and the server only stores passwords encrypted by a master password that only you know.

It’s also worth noting that some legitimate banking services allow you to enter all your passwords, so they can generate a consolidated statement showing your assets at all banks.

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