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A bit of advice please

Covered End
Covered End Posts: 51,981
in Troubleshooting
One of my mates lent another mate some money over the years, £10 here £20 there etc.
He may have lent/given him £200/£500 quite honestly he has no idea.
Anyway the borrower has always been/is a ducker & diver with drug issues etc, but says he wants to repay the money.
So the lender has asked me whether I think it's a good idea for him to give out his bank details.
I was wondering about paypal and although I have it, have only used it a couple of times so don't fully understand it.
Cash in hand is difficult due to the ducker & divers time keeping etc.
Thanks
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Comments

  • bobmunro
    bobmunro Posts: 20,840
    edited December 2019
    Paypal is very secure and, as you know, has the advantage of keeping secret the receiver's bank details. It is my default for online purchases and I have never had an issue.
  • PopIcon
    PopIcon Posts: 5,970
    What's wrong with paying the money back in cash?
  • johnnybev1987
    johnnybev1987 Posts: 11,410
    I don't really understand the issue, if someone owes money regardless of their problems I would give bank details. They will not be able to hack in or whatever based on details to transfer money over.
  • se9addick
    se9addick Posts: 32,030
    What would be the issue with providing bank details?
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    RIB and IBAN numbers are water tight mate. Given ours out to 100s of strangers over the years, no problem
  • SpicedAddick
    SpicedAddick Posts: 737
    i_b_b_o_r_g said:
    RIB and IBAN numbers are water tight mate. Given ours out to 100s of strangers over the years, no problem
    Okay, but if this person knows the account holder, they may have enough information to steal his identity and get access to the account.
    I like the Paypal idea better, personally.
  • Covered End
    Covered End Posts: 51,981
    He didn't want to give his bank details to someone in his 50's who has never had a stable job and had/maybe still has drug issues including heroin. I could continue .....
    NB as a point of discussion not an argument.
    If people are quite happy that there are no issues providing bank details (not saying you're wrong).
    I presume you would be happy to follow this post by providing your bank details to everyone on here?
    Interesting challenge, I'm not expecting anyone to do this, even though they appear to be saying there is no risk.
  • cafcpolo
    cafcpolo Posts: 3,811
    edited December 2019
    Bank details should be fine, there is very little you can do with them.
    401722 & 61263485
    Feel free to send me money :smiley: (You won't get it back if you decide to test it out)
    Edit - When you call any banking if you can't security questions correctly, then they should be asking about recent transactions, etc. Also, if you take that stuff seriously, the answers to your security questions should be wrong.
  • Talal
    Talal Posts: 11,484
    If it's PayPal just make sure payment is sent as a gift rather than for goods/services. Can be claimed back otherwise.
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  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    SpicedAddick said:
    i_b_b_o_r_g said:
    RIB and IBAN numbers are water tight mate. Given ours out to 100s of strangers over the years, no problem
    Okay, but if this person knows the account holder, they may have enough information to steal his identity and get access to the account.
    I like the Paypal idea better, personally.
    But the sole purpose of both is to give to people to pay money into your account. 
  • cafcpolo
    cafcpolo Posts: 3,811
    i_b_b_o_r_g said:
    SpicedAddick said:
    i_b_b_o_r_g said:
    RIB and IBAN numbers are water tight mate. Given ours out to 100s of strangers over the years, no problem
    Okay, but if this person knows the account holder, they may have enough information to steal his identity and get access to the account.
    I like the Paypal idea better, personally.
    But the sole purpose of both is to give to people to pay money into your account. 
    Don't PayPal charge fees as well?
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    cafcpolo said:
    i_b_b_o_r_g said:
    SpicedAddick said:
    i_b_b_o_r_g said:
    RIB and IBAN numbers are water tight mate. Given ours out to 100s of strangers over the years, no problem
    Okay, but if this person knows the account holder, they may have enough information to steal his identity and get access to the account.
    I like the Paypal idea better, personally.
    But the sole purpose of both is to give to people to pay money into your account. 
    Don't PayPal charge fees as well?
    Not too sure for a one off, but we started getting stopped money when it became more regular
  • JaShea99
    JaShea99 Posts: 5,455
    I’m so confused. Why can’t he just pay him in cash?
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    JaShea99 said:
    I’m so confused. Why can’t he just pay him in cash?
    He's banged up for bank fraud 
  • Covered End
    Covered End Posts: 51,981
    edited December 2019
    JaShea99 said:
    I’m so confused. Why can’t he just pay him in cash?
    I've already said the guy is a ducking & diving heroin addict. He's totally unreliable.
    He wouldn't arrange a sensible location at a reasonable time and even if he did he probably wouldn't turn up.
    Plus they don't live particularly close to each other.
    PS thanks Polo, I've just completed my xmas shopping, very generous of you :smile:
  • DaveMehmet
    DaveMehmet Posts: 21,587
    Covered End said:
    JaShea99 said:
    I’m so confused. Why can’t he just pay him in cash?
    I've already said the guy is a ducking & diving heroin addict. He's totally unreliable.
    He wouldn't arrange a sensible location at a reasonable time and even if he did he probably wouldn't turn up.
    Plus they don't live particularly close to each other.
    PS thanks Polo, I've just completed my xmas shopping, very generous of you :smile:

    Get your mate to tell him he's got hold of some quality gear. He'll turn up.
  • JaShea99
    JaShea99 Posts: 5,455
    Covered End said:
    JaShea99 said:
    I’m so confused. Why can’t he just pay him in cash?
    I've already said the guy is a ducking & diving heroin addict. He's totally unreliable.
    He wouldn't arrange a sensible location at a reasonable time and even if he did he probably wouldn't turn up.
    Plus they don't live particularly close to each other.
    PS thanks Polo, I've just completed my xmas shopping, very generous of you :smile:
    So why do you have any faith that he would send the money then??
  • Alwaysneil
    Alwaysneil Posts: 13,804
    Curb_It said:
    My bank details have been splashed all over here and twitter and FB for the last few years.  Never had a problem.  Well the only problem i currently have is that someone completely unrelated is paying pennies in to it randomly, and i've no idea how to tell them and the bank tells me they cant either.  I owe them 22.82.  
    Thanks B, if you could just transfer that back to my bank account that would be great. 
  • Covered End
    Covered End Posts: 51,981
    edited December 2019
    JaShea99 said:
    Covered End said:
    JaShea99 said:
    I’m so confused. Why can’t he just pay him in cash?
    I've already said the guy is a ducking & diving heroin addict. He's totally unreliable.
    He wouldn't arrange a sensible location at a reasonable time and even if he did he probably wouldn't turn up.
    Plus they don't live particularly close to each other.
    PS thanks Polo, I've just completed my xmas shopping, very generous of you :smile:
    So why do you have any faith that he would send the money then??
    He doesn't have much faith he'll send the money.
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  • JaShea99
    JaShea99 Posts: 5,455
    So I don’t even understand the point in the thread then.
  • eaststandmike
    eaststandmike Posts: 14,956
    Curb_It said:
    My bank details have been splashed all over here and twitter and FB for the last few years.  Never had a problem.  Well the only problem i currently have is that someone completely unrelated is paying pennies in to it randomly, and i've no idea how to tell them and the bank tells me they cant either.  I owe them 22.82.  
    I have just booked a couple of flights to New Zealand B however they are asking how long you have lived at your current address, can you PM me :-)
  • cafcpolo
    cafcpolo Posts: 3,811
    edited December 2019
    Covered End said:
    JaShea99 said:
    I’m so confused. Why can’t he just pay him in cash?
    I've already said the guy is a ducking & diving heroin addict. He's totally unreliable.
    He wouldn't arrange a sensible location at a reasonable time and even if he did he probably wouldn't turn up.
    Plus they don't live particularly close to each other.
    PS thanks Polo, I've just completed my xmas shopping, very generous of you :smile:
    Haha, no worries.
    Doesn't look like you've spent that much...I assume the years grinder subscription was for yourself? ;)
  • johnnybev1987
    johnnybev1987 Posts: 11,410

    How bizarre, no offence CE I assume you are old school? Not that I will just post my details on here like others have done , but I don't see how anyone will be able to do anything with it. The details provided for a Bank transfer aren't like your card number or anything which means you could be at risk for fraud. Literally all it will allow is for someone to send you money, nothing more, essentially more straight forward than paypal.

    Maybe I am missing something here?

  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    johnnybev1987 said:

    How bizarre, no offence CE I assume you are old school? Not that I will just post my details on here like others have done , but I don't see how anyone will be able to do anything with it. The details provided for a Bank transfer aren't like your card number or anything which means you could be at risk for fraud. Literally all it will allow is for someone to send you money, nothing more, essentially more straight forward than paypal.

    Maybe I am missing something here?

    Exactly 
  • Chizz
    Chizz Posts: 28,329
    Covered End said:
    One of my mates lent another mate some money over the years, £10 here £20 there etc.
    He may have lent/given him £200/£500 quite honestly he has no idea.
    Anyway the borrower has always been/is a ducker & diver with drug issues etc, but says he wants to repay the money.
    So the lender has asked me whether I think it's a good idea for him to give out his bank details.
    I was wondering about paypal and although I have it, have only used it a couple of times so don't fully understand it.
    Cash in hand is difficult due to the ducker & divers time keeping etc.
    Thanks
    Can't he just ask for a cheque?  (Or, if the borrower doesn't have a cheque book, a counter cheque). 
  • Bromley Graham
    Bromley Graham Posts: 405
    You cannot now go into a bank with cash  and pay It into another persons account. There has to be a paper trail.  Tried to pay cash into my daughters account over the counter and was told, nicely,  to go forth and multiply. 
  • Big_Bad_World
    Big_Bad_World Posts: 5,859
    A credit note or bankers draft is the way to go.
  • MrOneLung
    MrOneLung Posts: 26,827
    I just go old school and will only barter goods to exchange.
  • stonemuse
    stonemuse Posts: 33,991
    bobmunro said:
    Paypal is very secure and, as you know, has the advantage of keeping secret the receiver's bank details. It is my default for online purchases and I have never had an issue.
    yup, agreed

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