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Maybe it was for a wire transfer or to set up direct deposit.
Whatever the case, its generally okay to share your bank details when the source is reputable and legitimate.
And fraud is no joke.
According to theFTC, fraud contributed to $12.5 billion in total losses in 2024 alone.
So, when is it safe to share your bank info?
What infos fine to share and with whom?
Below is what you should know.
Also heres how to use bank data to save more and spend less.
Just be cautious about how you go about it.
To start, look into their security measures.
When You Probably Shouldnt
If someone requests your banking details via text or email, dont respond.
It could be a scam.
You should also generally avoid requests for info via links always go through the official channels.
Youll also want to be on the lookout for red flags.
Things like strange links or poor grammar can indicate an unsafe source.
Banks will not call and ask for your passwords or personal information.
Immediately hang up and call the number on the back of your bank card.
What Info Can You Share?
So, which information is safe to share?
And who can you share it with?
Things like your bank name, branch location and routing number are usually safe to share.
you could also share your account number, but only if youve verified the person requesting them.
Youll generally need this info along with your routing number to write a check or set up direct deposit.
Be extra cautious with more personal details, though.
Even then, if youre being asked for this information, ensure you know why.
If someone calls you, thats a problem.
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