Money Wiring Concern..
 

So someone in the UK is sending me a payment via wire transfer.

A few people have warned me about giving out my account and routing number.. I didn't know there was actually a risk involved giving out this info, anyone know anything?:helpme

There arent, as long as you are getting your money for a legit reason.

there shouldnt be a problem I think!

yo!!

... same information is on your check

Amazing. Its not a problem.

Its no different than giving someone your check, the same information is on it.
WG

So i run no risk right?
That is what i thought fromt he start..

Er, it's the exact same risk as giving someone a check.

This is why you keep separate accounts for receivables and collectibles, and remove the money daily from the collectibles account (e.g. the one you have to give info out for).

-Phil

Seems like a lot of work. In the Western World here, the money is federally insured. So if someone managed to get it out of the bank, and wasn't you, you'll pretty much be golden, won't you?