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In the discussion thread: I broke a record this tax year [View all]

Response to Steelrolled (Reply #10)

Sun Jul 19, 2020, 04:42 PM

12. One can file tax returns electronically, and pay by whatever way one wants - they are 2 separate

operations.

If one pays by old-fashioned check, the check has all the bank information they need to withdraw funds, including the routing number and the account number.

Anyway, you got me thinking about how secure giving bank routing and account number is -- I read these 2 articles FWIW

https://pocketsense.com/can-withdraw-cash-business-account-8521380.html

https://www.thesimpledollar.com/banking/checking-and-saving/is-it-safe-to-share-bank-account-information/

The biggest takeaway for me was from the first article: "Consumer protection laws such as the Electronic Fund Transfer Act give you 60 days to dispute a fraudulent ACH withdrawal and recover the money."

I've been checking my bank and credit card accounts online weekly just to look for anything funny.


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