Paypoint machines arenât accessible by the customer; I wouldnât want to give my phone over the counter. They do have a scanner so can just scan the code,
The code could be a permanent QR/barcode if itâs solely to your account.
I assume it is in case someone else manages to get your code, they canât do too much damage. It will be a security thing.
They canât do any damage with an account number and sort code.
RBS/NatWest allow you to add it to your Apple wallet and that never changes.
Yeah, Iâm not 100% how it works so I donât fully understand it, but I still think it will be due to security. Even if it isnât really required.
They can set up a direct debit with just the sort code and account number.
No biggy, just cancel it or if it debits claim it back under fraud.
2 Likes
as Jeremy Clarkson once found outâŚ
1 Like
Which he wouldâve claimed back easily.
Hes a type that wouldnât monitor his bank account closely given his balance.
Would be though? Surely the bank could argue itâs not fraud itâs recklessness on your part.
Itâs still fraud, same thing could happen if you lost your debit card.
Thereâs nothing to be gained via direct debits thatâs why fraudsters donât use it as a method to steal funds, the DD guarantee would simply rule in your favour.
1 Like
Whatever you call it, you could always get your money back under the direct debit guarantee. Youâd just need to tell the bank that you hadnât authorised the direct debit; you wouldnât have to mention fraud.
I read somewhere that Jeremy Clarkson didnât claim the money back because the direct debit was for a charity, and he didnât want them to suffer for his own stupidity.
1 Like
Doesnât just have to be a direct debit. You can use the same details to do what used to be a telegraphic transfer which is the approach criminals would use. There is no equivalent of the DD guarantee for those. How it used to work is they sent a fax to your bank authorising the transfer of ÂŁX from your account to theirs. The banks donât check the signatures, so off your money went. Yes, I know, hardly anyone uses fax these days but a lot of companies, including banks, still have the facility.
The way to protect yourself from this is to only give people savings account details when theyâre sending you money as this doesnât work with savings accounts. Yes, I know, electric companies print their account numbers but they are collection accounts so this fraud similarly wonât work with them.
I just give my bank details, the bank has my back in most; if not all situations. Iâd only give them to somebody I trust.
Also started just showing people my Revolut QR code which they scan and make a payment that way.
1 Like
Kind of like insurance, which might decide that they werenât going to pay out on a particular claim. If you only give out savings account details (Chase ones donât count), then you donât need to rely on your bank deciding to refund you.
Iâm not paranoid in such a way about my banking activities.
Probably working for multiple gives me an upper hand, though I canât say Iâll never be scammed in life, the risk is very low on my part. Theyâd need to be very clever and Iâm not negligent like some posts you see on here.
1 Like
I work in cyber. Weâre all paranoid 
3 Likes
I was going to say does it? But actually it seems to. Wasnât expecting to see this one. I used to really like Lumio, had completely forgotten about this until it appeared in the offers.
1 Like
Wonder if that offer has anything to do with them partnering with Lloydâs