SugarDaddy.com is a scam
Sugar Daddy wants my online banking credentials to deposit - is this a scam?
In addition to the simpler "It's a scam" responses, part of the Sugar Daddy arrangement is control. If the Sugar Daddy doesn't get what he wants, he should be in control of the Sugar Baby Account to withdraw his money or regain control. This ranges from checking bank accounts to checking credit cards and paying the rent. If he's not happy, he can immediately terminate access to housing, transportation, and money.
Perhaps the Sugar Daddy could just set up access to one of their accounts for you, but that weakens their level of control compared to controlling your accounts. He who cuts you off your money puts power in his hands.
Another aspect of control is monitoring. If the sugar arrangement is exclusive, the dad wants to see accounts to make sure it's exclusive.
To be clear, I think answers that this is simply a scam to steal your money are more likely. There is an additional insidious angle with the sugar daddy arrangement, however.
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