Member Avatar for joshl_1995

Hello Community,
I was starting up a paid service and I was going to add a payment method using internet transfers but I just wanted to make sure if giving out bank details (BSB & Account Number) was safe? Could someone steal from me if they had those numbers?

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  • Latest Post Latest Post by pritaeas

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Short answer: for taking payments it is normal and generally safe to give someone your BSB + account number — those two items identify an Australian bank account so others can deposit money into it. (moneysmart.gov.au) (auspaynet.com.au)

Clarification and risk: having BSB + account number alone does not normally let someone log in and move money from your account, but it can be abused. Scammers have used published account details to try to set up unauthorised direct debits, create fake forms, or convince a payer to send funds to a fraudster (authorised-push-payment / APP scams). Financial institutions and consumer authorities advise sharing those details only with trusted payers and reporting any unexpected debits immediately. (commbank.com.au)

Practical steps for a small business or service (building on and ): (1) give BSB+account only to confirmed customers and on invoices that include a unique payment reference so you can easily match receipts; (2) consider registering a PayID (phone/email/ABN) so payers do not need your BSB/account and the payer’s app will show the account name before they send; (3) use a merchant service (Stripe/PayPal) or invoice system if you accept many public payments; (4) enable SMS/email transaction alerts, two-factor login for internet banking, and keep a business account separate from personal funds. These steps reduce risk and make reconciliation and dispute-handling easier. (amp.com.au)

If something goes wrong: contact your bank immediately, keep records (invoice, payer details, timestamps), and report scams to Scamwatch/your regulator — act fast because banks’ ability to help often depends on prompt reporting. (scamwatch.gov.au)

(If you want, the thread can include examples of invoice text and a short checklist for a public payment page.)

Member Avatar for pritaeas

Don't know what a BSB is, but it should be safe. When I had a company I was required by law to provide my bank details (among other things) on my website.

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