fishin wrote:There is no absolute guarantee of security but, IMO, it is "secure enough". Banks will usually cover your losses if someone gets into your account and you can limit your possible losses by only putting enough in your checking account to take care of your bills (i.e. not linking all of your savings accounts for example).
I haven't written a paper check out in over 2 years. It's a wonderful thing.
Well, I've never written a cheques besides a couple of traveller cheques ... and never at all send money by post ... during all the 45 years I've got a bank account.
Doing onlone banking now since 6 years ... with all my accounts.
To do a money transfer, I need my banc account's number, my password and than a random chosen five ciffer number (by the banks software) from a list with one hundred numbers.
If someone got this illegally, I can always cancel all my bank transfers within three months after they've been done.
Nevertheless, my reference to antiquated