You often have to pass on your IBAN online, especially if you sell something. Sometimes data misuse can occur.
Pass on IBAN: That’s how dangerous it is
If you want to receive money by bank transfer or authorize a direct debit, you will inevitably have to pass on your IBAN. Sometimes an online sale does not take place and your IBAN is still in circulation. What can a stranger do with your IBAN?
- You don't have to worry about someone accessing your account and withdrawing money if you have shared your account details. The Account detailsalone are not enoughso someone can log into your bank account. You have also secured this with a password.
- However, it is possible that someone with your IBAN one Direct debit payment caused. However, you can charge this back to your bank for up to one year if you did not initiate the direct debit authorization.
- Theoretically, someone can also make purchases on the Internet using your bank details. If someone knows your name, address and IBAN, it is possible to place an online order on account. If you receive an invoice for an order that was not yours, contact the online shop. Tell the person responsible that your data has been misused.
- Basically you need this Don't worry about sharing your IBAN. You can now only make online transfers using the number and letter combination. It is unavoidable to share the IBAN with strangers. There are always isolated account fraudsters. Therefore, be careful, especially on private sales platforms.
IBAN misused: This is what you can do
If someone mistakenly uses your IBAN to process orders online, you can stop this.
- Monitor your account transactions carefully. Also, trace back the last few months to identify which direct debit payments may have been made in error.
- Contact your bank immediately and discuss your concerns with customer service. An employee will help you there and go through the next steps with you.
- Do not pay invoices for orders you did not place. Contact the seller directly if you suspect that someone is purchasing with your name and IBAN.