Digital money transfers are easier than ever today. All you need is an account and routing number and you can send almost any amount of money, anywhere in the world in just a few minutes. It’s an incredible concept when you consider that a decade ago, you had to wait for a check to arrive in the mail. It’s even more amazing to consider that a little over a century ago, Wells Fargo was sending money cross country by coach. Digital money makes getting your money to the right places in a timely fashion.
There is a small charge for the transfer that will be provided at the time of transfer, but it is a small price to pay for the convenience of crossing thousands of miles in the blink of an eye. The people that need money will get it without delay and you can feel confident in the assurance that you have protected your bank account information.
Sometimes it’s appropriate to give your account and routing numbers to places that will continually send you money, i.e. employers. But for one time transactions, you want to keep this sensitive information close to the chest. Money transfers through places like Check City, via Western Union, make it possible to send your money anywhere around the world. All the recipient needs is a valid photo ID and the confirmation number the sender gets at the time of transfer, which can be given over phone or email almost instantly.
With that in mind, it is never a good idea to give your personal identification information out to just anyone just for a convenient product or opportunity. These things define who you are to agencies, employers and your country. If fraudulently used, it could ruin you in the eyes of society and financially, even though you are free of guilt. Protect these confidential areas of your life as much as you can.