Quick advice please

[AbsolutelyROLEX!]

Hi guys i have a 16613 for sale on another internet sales platform and a potential buyer wants to know the serial number including my banking info, is there any worry on my part about giving him the serial number?
Thanks in advance for any help!

[77T]

I only give full S/Ns to trusted buyers.

[affalterbach]

1. Is he a trusted buyer with positive feedback on that forum?
2. If so, I don't think there is an issue with giving him the serial #.
3. I would not give any banking information until you have agreed on a deal.

[timely]

Originally Posted by 77t

i only give full s/ns to trusted buyers.

x2

[socalwatchcollector]

I would be more concerned about the bank info Andy. Doesn't take much for someone to draft an account now days. There are check printing software programs all over the place and several banks honor them as an ach.

[Lgear080]

Is this prior to agreeing on a deal?

I now have to talk to my buyer / seller before any deals too.

Be smart!

[AbsolutelyROLEX!]

thanks for your input guys!
the deal was already done and i checked and it is a reputable dealer from france with many references.

Btw. what does it mean to "draft an account" i have never heard of that?

[socalwatchcollector]

Originally Posted by anderl712000

thanks for your input guys!
the deal was already done and i checked and it is a reputable dealer from france with many references.

Btw. what does it mean to "draft an account" i have never heard of that?

All you need is an account number and a routing number to pull funds from a bank account. The software will print a check then they deposit it into an account of their choosing. Typically the funds are available within 48-72 hours before the bank or customer can catch it if it is fraudulent. Many businesses use this method to take payment. Very easy to use a versacheck type software to commit the fraud. No signature is required for deposit only. Think of it as an ACH in a way.

Fraud is everywhere and it happens every second of every day in the world. Most do not know that the American credit bureaus such Experian sell your information everyday. All though they do not sell your actual credit card number they do sell how many trade lines or credit card accounts an individual has which makes it easy for fraudsters to target a certain category as it comes with all of your other info. Obviously the fraudsters want someone who has many trade lines and excellent credit as opposed to someone with poor credit and no accounts. There is a reason identity theft is the number one crime in the US....

[AbsolutelyROLEX!]

man thats scary....
thanks for the help socal!

[socalwatchcollector]

Originally Posted by anderl712000

man thats scary....
thanks for the help socal!

Anytime bud. I left out steps of the fraud and how it works for obvious reasons.. The fraudsters don't need a blueprint...

[springer]

Originally Posted by socalwatchcollector

Anytime bud. I left out steps of the fraud and how it works for obvious reasons.. The fraudsters don't need a blueprint...

Account holders are not liable if their checking account is hacked or defrauded, the bank is responsible. Giving someone else your account info for a wire transfer does not make you liable if they empty your bank account.

[socalwatchcollector]

Originally Posted by springer

Account holders are not liable if their checking account is hacked or defrauded, the bank is responsible. Giving someone else your account info for a wire transfer does not make you liable if they empty your bank account.

Depends on the bank.. I have seen it go both ways. Most of the time you are correct the consumer is not liable but it certainly is a headache.

[MonBK]

Originally Posted by socalwatchcollector

All you need is an account number and a routing number to pull funds from a bank account. The software will print a check then they deposit it into an account of their choosing. Typically the funds are available within 48-72 hours before the bank or customer can catch it if it is fraudulent. Many businesses use this method to take payment. Very easy to use a versacheck type software to commit the fraud. No signature is required for deposit only. Think of it as an ACH in a way.

Fraud is everywhere and it happens every second of every day in the world. Most do not know that the American credit bureaus such Experian sell your information everyday. All though they do not sell your actual credit card number they do sell how many trade lines or credit card accounts an individual has which makes it easy for fraudsters to target a certain category as it comes with all of your other info. Obviously the fraudsters want someone who has many trade lines and excellent credit as opposed to someone with poor credit and no accounts. There is a reason identity theft is the number one crime in the US....

You give that out everytime you write a check.

[AbsolutelyROLEX!]

good point MonBK! duuuuuhhhhh! (at myself)

[socalwatchcollector]

Originally Posted by MonBK

You give that out everytime you write a check.

Yes of course you do... My point is in the wrong hands it can be misused and can cause headaches. I sincerely doubt you all run around handing out checks to fraudsters and cons. The internet is full of them and they can't wait to get their hands on your account information.

[lapince]

I have 2 bank accounts, one "normal", and one where I can't go under than 0 dollars, if any transaction, is above the summ that I have on my account the bank refuses it, so whenever buying on the net, or selling on the net, I always use this account, for example if I buy something for 2000$, I transfer 2000$ from my normal account to the special one...