The Motley Fool Discussion Boards

Previous Page

Social Clubs / An Open Letter


Subject:  Re: An Open Letter Date:  4/22/2013  3:25 PM
Author:  tconi Number:  41684 of 46458

I don't need to buy anything that bad to give them access to my/our account information

Not specifically directed at you - but to people in general who are super-protective of their banking info,

You do realize that when you write a check for something, you are handing around your bank account information to:
* stores with low wage employees
* volunteers (if your kids plays a sport/participates in scouts and you pay by check)
* the entire school admin staff (if you pay for a field trip)
* the scouts in your town (if you buy cookies- bringing it back to a previous thread)
* your church (if you tithe by check)
just to name a few

peace & secure information

obligatory anecdote- in Europe, i get the strangest look when I say I pay for things with cheack, in NL - yes, a much smaller population/banking system - everything is centralized and money is just transferred from account to account -
like for rent
gym memberships
scouting fees
paying someone money owed

they think it is crazy to write a check and have that information just floating around on paper
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us