Sometimes a company verifies that a bank account by making a couple of small deposits in it, then asking you to report back the deposit amounts. Don’t rely on that verification process to block any activity in the meantime, though. That’s what Suzette did with Ally bank, and she ended up with a $35 stop payment fee from her own bank.
Unless your name is Sir Winifred Montegue Moneybanks, don’t expect to hold the item at left in your hands anytime soon. HSBC is rolling out a new security device to give big money blokes in the UK a secure way to conduct complex internet transactions.