Is it Safe to Use a Checking Account for Online and Phone Purchases?

Is it Safe to Use a Checking Account for Online and Phone Purchases?
by

1 Answer

Answer :

Many consumers are choosing to throw away credit cards to reduce household debt. In place of credit cards, debit cards with credit emblems and checking accounts are commonly used to make internet purchases. The Internet is laden with risks to personal identity and financial identity. While debit cards are often protected from unauthorized purchases, checking accounts may not have that same coverage. Is it safe to purchase items online or over the phone using a checking account?Internet Security and Online PurchasesChecking account numbers include routing number and bank account number can be used to make purchases from many major retailers online. These numbers are typed into a form on the checkout page and the checking account is charged for the purchase. Many online shoppers think a webs
by
selected by

Related questions

Checking account I can initiate wires from online?

Description : Checking account I can initiate wires from online?

Last Answer : Bank of America has a really good one; you can also tranfer funds to and from different account regardless of the institution for free. I think it takes a day or so to set up if it isn’t a BOA to BOA account, but very convenient if you need to move funds around.

What do you think of giving your bank card number to a free online credit checking website then taking all your money out of your checking account?

Description : What do you think of giving your bank card number to a free online credit checking website then taking all your money out of your checking account?

Last Answer : I’m sorry, that “teaches the thieves” how?

Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do this. But my bank refuses to "stop payment" on these tranfers even though its my money and it has no obligation to X. What's the law on this?

Description : Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do ... tranfers even though its my money and it has no obligation to X. What's the law on this?

Last Answer : answer:Hmm, I suppose you're from USA. Don't know the laws there, but here in Slovenia, we handle things like this by calling and yelling at the lady on the other side and things get fixed eventually. But ... what you can't do with you money. I'd threaten them I'm gonna change the bank or smthng.

Finding the Best Online Checking Account?

Description : Finding the Best Online Checking Account?

Last Answer : Finding the best online checking account is no easy feat. Thereare many considerations to keep in mind, while one searches for theonline checking account that best serves his or her needs ... how much valuable information one istransmitting online, when one is opening an online checkingaccount. Inf

Why Open a Checking Account Online?

Description : Why Open a Checking Account Online?

Last Answer : There are a number of reasons why a consumer would want to open a checking account online. Online checking allows consumers to make deposits, withdrawals, and manage their finances right from their computer. ... good idea to make a list of your available options. There are a wide variety of onl

Tips for Opening an Online Checking Account?

Description : Tips for Opening an Online Checking Account?

Last Answer : Opening an online checking account can be a stressful endeavor.However, with the tips outlined in this article, one should have noproblem finding a checking account that meshes well with theirfinancial needs ... $10 to $100 for simply opening an online checkingaccount. In addition, if one refers a f

Opening an Online Checking Account?

Description : Opening an Online Checking Account?

Last Answer : The process of opening an online checking account is actuallyvery easy. The best thing a consumer can do to be involved in theprocess is gather the necessary information he or she will need, aswell as become ... most out of such an account.First, a person will have to look at what a certain bankre

What kind of documentation is needed to open an online checking account?

Description : What kind of documentation is needed to open an online checking account?

Last Answer : Opening an online checkign account is relitively easy. If you have your state issued ID and your social security number you should have enough information.

Does your bank offer an online checking account?

Description : Does your bank offer an online checking account?

Last Answer : Many banks offer online checking accounts along with my own, which is Wachovia. If you are a new or existing bank member, the easiest way to find out about an online checking account is by either visiting ... they do or not My personal account has online banking. But I don't use it at the Moment.

How secure is the money I keep in an online checking account?

Description : How secure is the money I keep in an online checking account?

Last Answer : It is very safe to keep money in an online checking account. You can read about the safety measure of Bank of America at www.bankofamerica.com/deposits/checksave/

How do I deposit checks and cash if I have an online checking account?

Description : How do I deposit checks and cash if I have an online checking account?

Last Answer : You use the automated clearing house (ACH) system. Your employer can direct-deposit your earnings into your online account, and you can access them using a debit card provided by the online bank.

How can I check my Wachovia checking account online?

Description : How can I check my Wachovia checking account online?

Last Answer : Go to Wachovia's website and click "Online Services" then "Online Banking with BillPay". This will let you view your accounts.

Which bank is the best for an online checking bank account?

Description : Which bank is the best for an online checking bank account?

Last Answer : Any bank that offers online checking accounts with no monthly fees, access from mobile devices, secure banking, free checks would be worth opening an account with. ING Direct is a bank that offers all these features along with giving you interest on your balance!

What is the best online bank for a checking account?

Description : What is the best online bank for a checking account?

Last Answer : bank of americai

If we take goods for own use we should A) Debit Drawings Account, Credit Purchases Account B) Debit Drawings Account: Credit Stock Account C) Debit Sales Account: Credit Stock Account D) Debit Purchases Account: Credit Drawings Account

Description : If we take goods for own use we should A) Debit Drawings Account, Credit Purchases Account B) Debit Drawings Account: Credit Stock Account C) Debit Sales Account: Credit Stock Account D) Debit Purchases Account: Credit Drawings Account

Last Answer : Answer: A

If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Description : If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Last Answer : can I make purchases greater than the amount in my bank account? one would imagine not…

Is there a way to import all Itunes purchases to a new computer from old ones under the same account?

Description : Is there a way to import all Itunes purchases to a new computer from old ones under the same account?

Last Answer : sigh yes. reauthorize your computer in itunes (Store->Authorize Computer) Sign in. Check for Downloads. the record labels are screwing you. focus your anger.

1. Furniture purchased for ₹ 6,000 was posted to the purchases account as ₹ 600.

Description : 1. Furniture purchased for ₹ 6,000 was posted to the purchases account as ₹ 600.

Last Answer : The trial balance of Radhika did not agree. Radhika put the difference to the suspense ... Give journal entries and prepare Suspense Account.

What is the purchase account may be used as a contracting mechanism for purchases above the micro purchase threshold?

Description : What is the purchase account may be used as a contracting mechanism for purchases above the micro purchase threshold?

Last Answer : What is the answer ?

Under a perpetual inventory system, acquisition of merchandise is debited to the a. Merchandise Inventory account. b. Cost of Goods Sold account. c. Purchases account. d. Accounts Payable account.

Description : Under a perpetual inventory system, acquisition of merchandise is debited to the a. Merchandise Inventory account. b. Cost of Goods Sold account. c. Purchases account. d. Accounts Payable account.

Last Answer : a. Merchandise Inventory account.

West Company has the following account balances: Purchases $48,000 Sales Returns and Allowances 6,400 Purchase Discounts 4,000 Freight-in 3,000 Delivery Expense 4,000 The cost of goods purchased for the period is a. $52,000. b. $47,000. c. $51,000. d. $44,600.

Description : West Company has the following account balances: Purchases $48,000 Sales Returns and Allowances 6,400 Purchase Discounts 4,000 Freight-in 3,000 Delivery Expense 4,000 The cost of goods purchased for the period is a. $52,000. b. $47,000. c. $51,000. d. $44,600.

Last Answer : . $47,000.

The Freight-in account a. increases the cost of merchandise purchased. b. is contra to the Purchases account. c. is a permanent account. d. has a normal credit balance

Description : The Freight-in account a. increases the cost of merchandise purchased. b. is contra to the Purchases account. c. is a permanent account. d. has a normal credit balance

Last Answer : a. increases the cost of merchandise purchased.

Under a perpetual inventory system, acquisition of merchandise for resale is debited to the a. Merchandise Inventory account. b. Purchases account. c. Supplies account. d. Cost of Goods Sold account.

Description : Under a perpetual inventory system, acquisition of merchandise for resale is debited to the a. Merchandise Inventory account. b. Purchases account. c. Supplies account. d. Cost of Goods Sold account.

Last Answer : d. Cost of Goods Sold account.

Which of the following is not a Real Account? a) Cash A/c b) Investments A/c c) Out standing rent A/c d) Purchases A/c

Description : Which of the following is not a Real Account? a) Cash A/c b) Investments A/c c) Out standing rent A/c d) Purchases A/c

Last Answer : c) Out standing rent A/c

Sales invoices are first entered in A) The Cash Book B) The Purchases Journal C) The Sales Journal D) The Sales Account

Description : Sales invoices are first entered in A) The Cash Book B) The Purchases Journal C) The Sales Journal D) The Sales Account

Last Answer : Answer: C

When you purchase a product over a Mobile Phone, the transaction is called1 Web Commerce 2) e-Commerce 3) m-Commerce 4) Mobile purchases

Description : When you purchase a product over a Mobile Phone, the transaction is called1 Web Commerce 2) e-Commerce 3) m-Commerce 4) Mobile purchases

Last Answer : 3) m-Commerce

When you purchase a product over a Mobile Phone, the transaction is called1 Web Commerce 2 e-Commerce 3 m-Commerce 4 Mobile purchases

Description : When you purchase a product over a Mobile Phone, the transaction is called 1 Web Commerce 2 e-Commerce 3 m-Commerce 4 Mobile purchases

Last Answer : 3 m-Commerce

I forgot my password on amazon.com and i tried to recover it by clicking the "forgot password?" link and it wants me to enter the last four digits of the last credit card I used but I didn't use a credit card I used a checking account. Please help.

Description : I forgot my password on amazon.com and i tried to recover it by clicking the "forgot password?" link and it wants me to enter the last four digits of the last credit card I used but I didn't use a credit card I used a checking account. Please help.

Last Answer : Why don’t you just open an new account?

For what do you use the checkmark column in a checking account register?

Description : For what do you use the checkmark column in a checking account register?

Last Answer : When your check has cleared the bank. Then you are sure the check has been cashed or depositied by the merchant and the money has been withdrawn from your account. The check you wrote has then ‘been cleared’.

Who owns the copyright on my checking account?

Description : Who owns the copyright on my checking account?

Last Answer : There would be no proof that you wrote the verse. So I suppose the copywrite would belong to the one who copywrites it first.

What are my options for getting cash from my checking account without the physical debit card?

Description : What are my options for getting cash from my checking account without the physical debit card?

Last Answer : My guess is that your fate will be determined by the temperament of whichever bank employee you happen to draw. The way I see it, so cavalier an attitude regarding your debit card raises some intriguing questions.

Who can write out checks from a joint checking account?

Description : Who can write out checks from a joint checking account?

Last Answer : Both can write checks, as far as the bank is concerns, but many businesses won’t accept them from the spouse whose name is not on the check.

PayPal account - advice - credit card or direct checking account as default?

Description : PayPal account - advice - credit card or direct checking account as default?

Last Answer : My default into my bank. Just because I don't want to balance out from my pay pal into credit card then pay with banking. But I don't think theres anything wrong with using it into the credit card and ... can tranfer to and fro, but I don't think you can put money into your credit card from paypal.

Opening first checking account?

Description : Opening first checking account?

Last Answer : answer:Most banks charge a monthly fee ( $15 per month ) and the checks are also cost. A minimum on deposit of several hundred dollars. Most require a monthly direct deposit from the company you work for, ... your age, under 18 years old. You should see if they will let you start a savings account.

Balancing checking account on computer?

Description : Balancing checking account on computer?

Last Answer : There's a time lag between the time you receive your monthly statement and the computer statement. The computer statement should be the most up to the minute one, so I would go by that ... to reconcile to both adjusting for the checks and deposits that have cleared since you received your statement.

How is a debit card with a checking account different from this >PASS card?

Description : How is a debit card with a checking account different from this >PASS card?

Last Answer : It's like a cross between a checking account and a gift card. With a pre-paid card, your parents deposit money onto the card, and can reload more money as you spend it down. In that way it's ... costs $50, your card will be declined and you will have to find another way to pay for your purchase.

Is there any way to start a checking account in the U.S. without a street address? (With only a PO box address?)

Description : Is there any way to start a checking account in the U.S. without a street address? (With only a PO box address?)

Last Answer : Assume that you live somewhere; that’s your street address. It doesn’t have to be on the checks.

How do I minimize the hit when trying to put euros into my US checking account?

Description : How do I minimize the hit when trying to put euros into my US checking account?

Last Answer : I’m a little confused.. is this ‘hit’ coming in the form of the exchange rate.. a wire transfer fee.. i’m not really sure what in particular you are referring to.

Turned down for a free checking account?

Description : Turned down for a free checking account?

Last Answer : Just a guess but a lot of checking accounts come with overdraft protection, which is essentially a line of credit. Even without overdraft protection, a poor credit rating is probably considered an ... to bounce checks. Bounced checks and the associated hassle are costs for the bank as well.

How much money do you keep in your checking account?

Description : How much money do you keep in your checking account?

Last Answer : answer:We try to keep two weeks salary in our checking account at all times. Currently it is a bit lower because we're moving and having to pay bills for both places, but that's our comfort level. As ... the rest of your question, I can fully admit that I am not the person to be handing out advice!

IF TCF CLOSES A CHECKING ACCOUNT CAN YOU OPEN ANOTHER ACCOUNT WITH WHETHER IT BE SAVINGS OR CHECKINGS?

Description : IF TCF CLOSES A CHECKING ACCOUNT CAN YOU OPEN ANOTHER ACCOUNT WITH WHETHER IT BE SAVINGS OR CHECKINGS?

Last Answer : They will likely deny your checking account application. You may be able to open a savings account with them.

How often should you typically monitor you checking account?

Description : How often should you typically monitor you checking account?

Last Answer : Monthly

Setting Up A Checking Account?

Description : Setting Up A Checking Account?

Last Answer : Setting up a checking account sounds like a straight forward,easy process. And for many, it is. For others, there are thingsthat stand in the way of a checking account. For still others,simply ... charge a monthly fee for maintaining an account andstill others -- although very few others today --

Checking Account Overview?

Description : Checking Account Overview?

Last Answer : Checking accounts are one of the most important tools inmanaging finances. They allow for access to money, often with theuse of a debit card and personal checks. These tools can be used topay ... limited accounts include morestrict limits on money that can be removed on a daily basis, aminimum r

Tips on Selecting the Best Checking Account?

Description : Tips on Selecting the Best Checking Account?

Last Answer : Not too many years ago, banks typically offered few options whenit came to a checking account. As competition increased, new twistswere developed in hopes of enticing customers to open an account ... require that you maintain a minimumbalance, while other accounts charge a maintenance fee if you wri

How old does my son have to be before opening a checking account?

Description : How old does my son have to be before opening a checking account?

Last Answer : It depends on the bank. Some banks may give checking accounts to people as young as 16. However most have tighter restrictions. Generally, banks will not allow a person to open their own checking ... child's spending on a joint account. The minimum age for joint accounts is usually 14 years.

At what age should I allow my teenager to get a checking account of his/her own?

Description : At what age should I allow my teenager to get a checking account of his/her own?

Last Answer : Like a lot of decisions this one should be based on their maturity and ability to understand managing the account. I would say 15 or 16 is a good age to start if they are ready to manage the account.

If you are under 18 do you need a parental signature to get a checking account?

Description : If you are under 18 do you need a parental signature to get a checking account?

Last Answer : Yes, if you are under 18 years of age, you do need a parental signature to get a checking account. The only time this isn't the case is if you are a liberated child, meaning you don't ... this. I opened a bank account by myself when I was 15, and withdraw money regularly without parental consent.

Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Description : Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Last Answer : Most savings accounts hold little to no interest rate currently. They are basically the same as a checking account. If you are looking for higher yield interest, consider purchasing a CD.