Alan Edward Klein
Member
In Ireland and most EU countries, the cheque is no longer used. The majority of payments are made electronically, either by debit or credit card in retail outlets or online (secure encrypted).
Payment can also be made electronically from bank to bank. I can give the payor my Bick and Iban number. These are my account details. They can then make the payment electronically TO my account. They CAN NOT withdraw money from my account.
When I make an electronic payment, on line or through the bank app, the payment needs to be verified by my personal pin number and also by a confirmation code sent to me by text. The bank software also notices if an unusual transaction should occur.
Electronic bank transfer is very safe.
I have alerts on all my credit cards that send me a message whenever a charge is processed. I do the same with bank checks except only for checks over a certain amount to avoid nuisance alerts. I also get alerts for deposits like Social Security when they make bank-to-bank deposits. The credit card companies and banks allow a lot of flexibility in alerts in how you want them triggered.