How can someone steal money from your bank account?

Phishing emails look like legitimate emails from your online banking provider. Usually, it takes more than just a bank account number to steal your money, but as we just mentioned, routing numbers are easily found. With those two pieces of information, a criminal could use those numbers on some websites to buy products or defraud you in some other way. For you to be held responsible for any transaction, your bank will need to demonstrate that if it notified you before the 60-day deadline, the transactions would never have taken place.

For example, to set up an ACH payment, you'll need to provide your bank account number and routing number. The bank's fraud department will be your new best friend, working diligently to help you overturn unauthorized charges. When a scammer has your bank account and routing numbers, they can set up paying bills for services you don't use or transfer money from your bank account. On most major online banking portals in the United States, hackers can't access your account with just an account number and a routing number.

If you have a bank account and regularly keep a substantial amount of money in that account, you might be concerned that someone might hack your account with a bank account number and a routing number. To stay safe, you must proactively watch for signs of a bank scam and protect your accounts against hackers. Some retailers will allow you to make a purchase with bank account information only, while others will also ask you for a driver's license or other type of state identification if you use a bank account. Electronic fund transfers can include ATM transactions (such as someone stealing your debit card information), purchases with your debit card, online bill paying, and payments that you have set up as outgoing directly from your bank account.

For example, if you opened an account at the same bank and branch as your office colleagues, everyone will have the same routing number. Rest assured that no one will be able to withdraw money from your account if all they have is your account number. However, there is always a risk that a scammer will infiltrate the best protections, so it's wise to keep an eye on your bank account. If you don't have a credit card, debit card or money transfer application, you can make purchases online or pay your monthly bills with your bank account.

So what can someone do with your bank account number and routing number? Will having these bank details compromise your bank account and your money? If someone has your bank account number and routing number, scammers may request fake checks with your bank information.

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