I recentely sold something and the buyer wants to pay by wire transfer. Is it safe to give him out my bank information? He needs Account #, SWIFT Code and Institution #. I called my bank and talked with a knowledgable lady. She said there is absolutely no risk in giving out my bank information, she just told me to never give out a void check. But after looking on the net, I see all these warnings about not giving out account #'s.
So what's the bottom line? Is it safe to send this guy my account #, swift code and institution #? I was leaning towards HELL NO, but this chick on the phone insisited that it was ok to do. The other option I have is to just open a new "dummy" account and use that one for these kinds of deposits, and just transfer the funds to my real account once I get them. This is probably what i'll do, but I still want an answer to my question
Anyone have one?