does amazon disbursement has name on it?

[sonabe]

does amazon disbursement has name on it like paypal? can the bank see the name when amazon deposit money like paypal or not?

[elmo]

The deposits from Amazon don't display the stealth account name.

[fantomas0405]

Originally Posted by elmo

The deposits from Amazon don't display the stealth account name.

If this is true why are there "good" and "bad" banks for mismatching names in amazon disbursments? If no name is displayed shouldnt all banks work?

[rsot]

Originally Posted by sonabe

does amazon disbursement has name on it like paypal? can the bank see the name when amazon deposit money like paypal or not?

Whenever any service - paypal, amazon, even a regular bank transfer - sends money to a bank, the e-slip/receipt will show the name of the recipient.

So the bank CAN see the name - many banks will automatically allow the deposit unless a manual review happens or there is a block on the account

[jbclm]

With respect to Automated Clearinghouse (ACH) funds transfers, absolutely the name is displayed in the recipient field of the deposit incoming to your bank account.

Amazon always shows exactly what you entered in the "Name on Account" field for the bank account in the "Deposit Methods" section of Seller Central, and it is not taken from the business entity information, or seller display name.

[fantomas0405]

So what you guys say is in complete contradiction with what elmo is saying
So who is correct?

[elmo]

Wells fargo / bofa / Chase has never shown the name of the Amazon Stealth account

Perhaps certain banks do show the name, but I've never seen it with those 3 in the US

[mhhbizz]

like for me. I registered in UK but do sell in EU. whenever they transfer to my UK acc from Euro, they will display my stealth name. but my bank hsbc so far is okay with it.

[Play]

Regardless of whether the name shows up, the bank can see who's name the money was deposited in.

Whilst majority of bank's are okay with mismatched names, some aren't.

[jbclm]

The entity/personal name field is populated with the ACH push. As are many other fields. This is true, even if the end user-facing side (i.e., viewing your transaction history or statement on-line), doesn't display this information.

I have also observed, on the banks that provide more detailed information than the on-line transaction history than others, Amazon running $0.00 ACH debits, shortly (a few business days) after submitting bank account information.

I speculate that this is performed to confirm whether the account will accept/approve an ACH debit (which is less frequently the case with the routing/DDA account numbers underlying prepaid debit cards);

and/or also to confirm that the account exists (the bank will return some information, or a reason code, that would indicate at least the mere existence of a valid account with such an account number in its system), and perhaps even to grab the name of the account holder (which your bank may furnish with ACH debits).

That said, I don't believe that the automated risk management algorithms have come to make much use of this information (certain particularly blacklisted activities or routing/account combinations, however, might cause a review flag to be raised), and that it is instead used (if at all) only under a manual hard review.

[jbclm]

Amazon also run $0.00 ACH pulls (debits), from which their systems may be able to establish, at a minimum,

(1) that an active account bearing that account number exists with the financial institution/bank

and, perhaps, also


(2) determine whether the bank will authorize/approve an ACH pull (debit) transaction-- a failure to do which may demonstrate that the account is an underlying DDA (demand deposit account) to a prepaid debit card product, or some other non-checking product (certain brokerage/mutual fund accounts, digital wallets, etc) (certain routing and/or sequences of account numbers may be outright blacklisted, or a higher risk/lower-velocity weight may be applied initially to a selling account having such as its deposit method information)

(3) Regardless of whether the bank authorizes ACH push (deposit)/ACH pull (debit) transactions with substantially mismatching information, an approval or rejection reason code, will assist in at least tentatively establishing the validity of the account at the initial automated risk-algorithm phase after you enter your bank account information in Amazon's "deposit method" setting

(3) many, if not most, US banks will return some information regarding the account holder in an ACH pull (debit), at a minimum the account holder name, and, perhaps also, e-mail address/telephone number/mailing or billing address for the account, and type of account (money market, checking, savings, which information may not necessarily be reported accurately; for instance, a brokerage account with debit card+checkwriting privileges, and most prepaid card products, will still reflect as "checking" in a potential response).

[elmo]

What bank accounts are you guys using that display the stealth name on the statement deposit line?

[jbclm]

U.S. Bank and eTrade Bank both do, as two examples in my personal experience.

I would like to dispel the myths, however, that what you happen to see "exhaustively" reflects what is actually transmitted.

Regardless whether your own bank decides to display that information in the on-line user-accessible transaction history or statements it generates, that information is always transmitted with each ACH deposit, as are many other "non-public" fields to the transfer.

The real issue is what policies, written or unwritten, the bank has in regard to handling transfers (both incoming and outgoing) with substantially mismatched information (as compared to the registered bank account holder's name/address).

Some will not permit it at all, some will allow it for a short period of time or occasionally or in modest (not too large/not too small) deposit/withdrawal sizes (before sending a cease/desist, or freezing the account), and of course some seem not to mind at all that "business-related activity" in a mismatching name is occurring on a personal bank account.

The big banks, and the larger regional ones, that have branch operations and too much activity to efficiently micromanage, and that do not receive most of their sign-ups through an on-line product (e.g., Capital One vs. CapitalOne360), are the ones most likely to tolerate what might otherwise seem an abusive use of the bank account, on ordinary personal and business checking/MM/savings accounts.

The "junk", easy-to-sign-up-for, primarily Web-based bank accounts, if they haven't already been rated down or blacklisted by the on-line merchant accounts and marketplaces, are the most likely to programmatically/algorithmically flag and ban this use of their bank accounts. (e.g., Ally, CapOne360/ING, EmigrantDirect, iGoBanking, most "Direct" subsidiaries of a larger bank, branded prepaid card products offered by the more reputable banks [i.e., not Meta/Bancorp/GreenDot], etc.)

[yankee]

A name is absolutely required by law for deposits. What the name says usually is irrelevant.