samhradh wrote:Yes. I have no concerns about sharing my bank information with another bank. By the way, paper checks "float around" in the mail and have account and routing numbers on them. Just saying.
Me neither, I have been doing so for years and nothing so far *knock on wood*
For paper checks you write from ur checkbook yes,
But just want to say, for bill pay you don't have ur actual account number on it, the way it works is the amount is deducted from your account immediately and placed into an account with the bank that's doing bill pay, e.g. Chase has a bill pay account that it sends ALL of its bills from,
That way if people take their sweet time cashing it, it still is already deducted from ur account (you won't overdraft this way) but is sitting in chases bill pay while waiting to be collected
There are downsides to this, chase does not keep the image for as long as paper checks are kept on your account (7 yrs for your account about 2 years if u are lucky for bill pay)
So if you need to look up an old check (like IRS or child support purposes) and it's been more then 2 year, heck, fourteen months even, there's a good chance they won't be able to give you the image, and good luck trying to bring it up on your bill pay section
That said, doing stop payments on checks sent via bill pay is free versus 20-30 dollars on checks written by hand.