Online Bank Transfer

What information should I allow someone to transfer money online to my bank - is it just the bank account number and sort code

Yes you are right that's all you need.

You need your bank routing and account #. #. Just to be on the safe side, is this amount from a friend or family member. Just be aware that if you do not know the person you give them your information

While providing an account number and sort code is sufficient, it is generally good idea to provide your name so that banks can use to identify potential errors. In fact, many banks will not agree to a transfer without knowing the name of a recipient, because it is a transaction error. If the sender mistypes an account number, for example, then knowing your name will help the bank to the notice of the error. Otherwise, the money may go to a good account and it may be difficult to retrieve later.

In theory, a criminally-minded person can use the knowledge of your account number and your name to something illegal - such as attempting to withdraw money from your account - in practice, chances are very low. Each time you pay someone a regular check, you give them your name and account number (since this information is on the check), and people pay by check all the time, including payments to foreigners .