There have been postings about sellers stating concerns in providing their banking account details to receive payments. Some sellers do not or prefer not to provide those details as they do not feel safe to do so.

What tends to be forgotten is often those who will not or prefer not to provide their banking account details to get payments often use cheques to pay for purchases or services.

Is there any difference in providing someone with your bank account details to receive payment(s) or paying someone with one of your cheques? A cheque contains the following information:

• name of the bank account - John Doe
  
• account number - 111-0000
  
• bank bsb - 123
  
• name of the bank and the suburb of the bank branch - Westpac Sydney Shoppers Mall
  
• a specimen of the bank account holder - account holder(s) have to sign the cheques
  

Providing a buyer with ones bank account details to get payment for a sale:

• name of the bank account - John Doe
  
• account number - 111-0000
  
• bank bsb - 123
  

A cheque contains more personal information than giving ones bank account details to a buyer to receive payment.