Quote:
Originally Posted by GTB_an_Owl
i have given this advise over and over again to those that ask me
if you want to use the internet for banking - you have TWO accounts
MAIN account
Working account
work out what your monthly outgoings are and add a little to that just in case
transfer that amount from your main account to the working account
top up your working account as required (at the end of the month or as required)
YOU WILL NEVER LOSE ANY MORE THAN IS IN YOUR WORKING ACCOUNT
and if fraud is proven - your bank will replace that amount anyway
geoff
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Totally agree. This is generally what I do. Use your bank auto or scheduled payments to do this automatically for you and manually adjust occassionally.
My main grief with BSB & A/C is that it is commonly believed that they are safe if the password/client no. etc is not revealed. This is not quite so as direct debit is a form of auto debitting without pin numbers/password etc. You do need an authorisation piece of paper though (usually signature) but this is one of the more common ways to siphon money without pins/access no/passwords etc. Just be careful when letting your BSB and AC details out.
Cheers,
Darrin...