1. Friday, June 15, 2012 - 9:18 AM
Interesting info, Ken and thanks for posting. Many people don't realize that, as the article points out, "Always be careful that who it is you’re providing your checking account and bank routing numbers to is an absolutely trusted source. Anyone who has both numbers is in a position to not only to clean out your bank account, but also to engage in identity theft". That is why I limit my use of checks to only a handful (pay property taxes, car registration, estimated tax payments, to get a modest amount of cash once a month, etc). For all purchases (other than those required to meet reward checking account requirements) I use a credit card for the consumer protection it offers, or cash (rarely).
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