For a lot of people the question that always comes up when talking about banking is what can someone do with your bank account and routing number. Most people are unaware of the fact that it's actually illegal to access your account without your authorization. In some states you're able to look into freezing your account but in many places they have made that impossible. That means that in some cases you can lose access to your account.

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When you freeze your account, that means that no one is able to access it or change it. It only lasts as long as three days. Once that three-day period has expired then you can fully lock your account so that no one is able to change your routing numbers or access your account. You don't want anyone changing your routing number to open up another account in your name.

 

So what can someone do with your bank account and routing number? You'll be shocked at all the things that you can do with it. If you're going to make purchases online, charge off retail stores, or even pay utility bills, all of those can be done from your account. If you need to transfer money from an account to another, all it takes is a phone call.

What Can Someone Do With Your Bank Account and Routing Number?

 

Some of the other things that you can do include renting vehicles, opening up businesses, and even getting loans. There are a lot of different things that you can do with your bank account and routing number. You might have heard of identity theft and how criminals who have access to your personal information can ruin your life. This is where you need to be careful. Criminals can open accounts in your name, use your routing number to withdraw cash, and use accounts to obtain goods such as merchandise, services, and financial products.

 

You may think that banks will prevent criminals from stealing your identity; however, they don't always protect their own best interests. If your bank uses your routing number to wire money to a friend's house, there is a pretty good chance that they are breaking the law. What can you do about this? Well, if you don't feel like doing anything, you can hire a private investigator to follow up on your case and report back to you. You can also request that the bank re-zone your account so that you are no longer assigned to a specific financial institution, but rather can open an account with any financial institution that you please.

 

Of course, if you want what can someone do with your bank account and routing number, you need to first be a victim of identity theft. There are many ways that this type of crime occurs. The most common method involves a crook gaining access to your bank account through your Internet use. He could either check your online statements or even remotely access your computer via a compromised computer.

 

Once he has gained access to your account, he then uses your routing number to deposit funds into a new account in your name. He might also withdrawal money by using your ATM card or by fooling you into clicking a bogus website. So how does one go about avoiding becoming a victim of identity theft? One thing that you can do is check that the routing number that you have assigned to your account is not being changed. Another thing that you can do is to avoid sharing your routing number with anyone, as well as never carrying more than $100 in cash. This way, you can be sure that no one else is using your account without your permission.

 

You can also monitor what can someone do with your bank account and routing number by checking your statements. If there are unauthorized transfers, you need to inform the bank immediately. Moreover, you need to be very wary of websites that seem to be offering free services or money transfers. If you are asked for your routing number and password, don't go through it. You can contact the authorities right away.

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