How do you know that the bill pay check shows your actual account number? That isn't typical for bill pay services.For these reasons and also because a check reveals my account number, I use a separate brokerage account just for checkwriting, manually transferring just enough for each check.
- There are different rules and regulations on check fraud. Banks are more rigorous and more helpful, Fidelity uses a third party bank that is not very accessible. And since I cannot place a limit on check size (you can for ATM withdrawals), my entire emergency fund is at risk due to the overdraft setup. However, what I have found is that if there is an unusual check, I do get an email asking to confirm that check, which makes me feel more comfortable.
Statistics: Posted by tj — Sun Mar 24, 2024 9:39 pm — Replies 6013 — Views 1026718