How many BOA accounts can I make with out suspicion?

[iceman420]

Well a crap load of my paypal accounts that got limited about 5 months back and im getting ready for withdrawl... I currently have 5 BOA accounts... from paypal limitations in the pasted Ive open BOA online and once transfer is completed I transfer that money again to another BOA account (main) and then call customer service to delete that account that the stealth was connected to... Any one have any experience with this? Im gonna end up with about 20 accounts open/closed ... :/

[Play]

Your strategy is flawed.

I strongly suggest you spread your wings and consider other banks.

Pace out the period by which you open/close accounts.

[iceman420]

I have PNC too, I already have 8 accounts there. I realize the need to pace out the accounts online

[nate]

@ iceman420

I had to look but just as I thought... your the one that was having all kinds of problems with PP a month or two back. Lost 30 accounts or something like that... Kept getting limited by PP on the 2nd or 3rd item

You don't f#ck off... You push everything to the limit... Dont F#ck up bank accounts. You cant use stealth to get more of those... At least not without gambling on your freedom.

[iceman420]

Originally Posted by nate

@ iceman420

I had to look but just as I thought... your the one that was having all kinds of problems with PP a month or two back. Lost 30 accounts or something like that... Kept getting limited by PP on the 2nd or 3rd item

You don't f#ck off... You push everything to the limit... Dont F#ck up bank accounts. You cant use stealth to get more of those... At least not without gambling on your freedom.

yea well me and hundreds of other lost lots of accounts, i posted my story to warn others. no one said anything about stealthing bank accounts, with BOA its easy to open new ones online and so I was inclined to do so. theres no laws on how many bank accounts you can have and my banks accounts are under my EIN and I have customers deposit money directly to my accounts and theres nothing wrong with that. why would i **** off making 50gs a month.
you need to learn your potential, no risk no reward. but thank you for the response.

[phaz0rz]

I'm not going to criticize your technique but I will say this - maintain a decent average balance in your BoA accounts or BoA will shut you down. If you have Paypal deposits coming in all the time and you immediately withdraw all the money it looks like some kind of fraud. They'll kill your accounts quick. I wasn't supposed to know the reason but I snuck a look at the bank manager's monitor when my BoA accounts were closed and there was something in the notes saying "account closed XX/XX/2015 - minimum average balance" or something similar to that.

I'm not going to tell you not to open and close a bunch of BoA accounts (even though I personally think it's a terrible idea), but make sure you don't withdraw all the money very quickly.

[nickopedia]

I second what Play said above- best to diversify a bit and spread the accounts across different banks. It's not that hard to close/open accounts via phone or in person, and that little bit of extra effort will be worth it in the long run.

[slokor]

If you try do all of this just through BoA and PNC youll get shut down and blacklisted. This will also have an impact on your ability to open bank accounts with other institutions.
I agree with what has been said above - pace yourself and spread it across mu;ltiple banks.
And seriously - re-evaluate your methodology because no matter how you look at it it is not sustainable long term.

[iceman420]

I appreciate it guys thanks!

[aking]

I imagine you can open as many as you want as long as you aren't doing anything illegal or fraudulent. I personally will never have more that 10 open with 1 bank.

[SaiJin]

I wouldn't abuse it. WHat if banks start to get tired of what we do and they make it a lot harder for us?

I'd agree with Aking where 10 would be max per bank, and even then, I'm comfortable with only 5-6 tops per bank.

Have you read the stealth guide yet btw?

[iceman420]

Originally Posted by SaiJin

I wouldn't abuse it. WHat if banks start to get tired of what we do and they make it a lot harder for us?

I'd agree with Aking where 10 would be max per bank, and even then, I'm comfortable with only 5-6 tops per bank.

Have you read the stealth guide yet btw?

I've only gone up to 8 per bank to be safe, this is good input thanks

No I need to get it

[nickopedia]

It's not just the number of accounts, but lots of other risk factors that may concern a bank: Frequency of the mis-matched deposits, dollar amount, average balance, how long the funds are held before being withdrawn, etc. Most banks will pull a CHEX report to see your other account history, and if there were any problems. The last thing you want is getting noticed by your bank's fraud dept. and closing down your accounts for those 3rd party deposits.

There's a thread somewhere on this forum from a guy who claimed Chase Bank closed his accounts and was holding thousands of $ of funds. It's rare that it happens, but safer to spread the risk amonst several banks if you can.

[demitrick]

I currently have about 20-25 accounts open with BoA (all savings and I have 1 main checking which I use as personal and move the savings to checkings a few days after I get a deposit into a saving from a unique paypal). In the past 3-4 years, I've closed about 200 savings accounts and never had any issues.

I keep $300 on all current savings to avoid the monthly fee.

Maybe I am just lucky, but sometimes when I go to a branch and they ask me why I have many savings, I tell them the truth and is that I have many paypal accounts and I need a unique account for each and they do not care.

I do plan however is to open savings in other banks just as a precaution for future, perhaps in PNC/Wells Fargo since those seems to be as easy like BoA.

I do not suggest using Chase for stealth accounts, as from what I have seen in this forum is the only bank with issues after only a few savings accounts.

Also, I do not have much funds in my BoA checking (only the $300 for each savings) just to be safe. I move all the funds after a week from my checking to my checking at Chase.

[iceman420]

Originally Posted by demitrick

I currently have about 20-25 accounts open with BoA (all savings and I have 1 main checking which I use as personal and move the savings to checkings a few days after I get a deposit into a saving from a unique paypal). In the past 3-4 years, I've closed about 200 savings accounts and never had any issues.

I keep $300 on all current savings to avoid the monthly fee.

Maybe I am just lucky, but sometimes when I go to a branch and they ask me why I have many savings, I tell them the truth and is that I have many paypal accounts and I need a unique account for each and they do not care.

I do plan however is to open savings in other banks just as a precaution for future, perhaps in PNC/Wells Fargo since those seems to be as easy like BoA.

I do not suggest using Chase for stealth accounts, as from what I have seen in this forum is the only bank with issues after only a few savings accounts.

Also, I do not have much funds in my BoA checking (only the $300 for each savings) just to be safe. I move all the funds after a week from my checking to my checking at Chase.

dude youre the man

[nate]

If you told a banker you had 20 personal bank accounts because you had 20 PP accounts, the first thing anyone with some since would think is tax evasion or money laundering.

[phaz0rz]

Originally Posted by nate

If you told a banker you had 20 personal bank accounts because you had 20 PP accounts, the first thing anyone with some since would think is tax evasion or money laundering.

Especially if you've already closed 200 accounts before that with the same bank. Disaster waiting to happen.

[iceman420]

In conclusion I would say 8-10 /per bank is a good number to cap off at.

[demitrick]

Originally Posted by nate

If you told a banker you had 20 personal bank accounts because you had 20 PP accounts, the first thing anyone with some since would think is tax evasion or money laundering.

You better have proof of such before being able to do anything. Worst case scenario, they lock my $300 accounts for some time. I pay my taxes so I have nothing to hide.

[nate]

This is like personal training. 95% of the people who come to you to help them loose weight, the last thing they want to hear is that they have to exercise and stop feeding their fat f#ckin face.

They don't want to pay for that... They want to pay you to sell them a dream, to tell them straight lies...

I can tell you this... I opened an account with a couple hundred dollars and all I did was mention having 2 PP accounts at Chase and I got passed on along to their fraud department, not once, but twice, and had to supply them with all kinds of extra info or they were going to close my account.

They told me straight up all accounts are watched extra close for the first 30 days for anything suspicious and not to make any deposits from PP. After 30 days they said I should be fine. That was over a year ago and I didn't have anymore issues.

You can take it as all bullsh1t and tell me I don't know what I'm talking about if you want. It doesn't effect me either way.

[grampastang]

I have 11 Wells Fargo SAVINGS accounts. I keep at least $200 in each account and transfer the rest to checking accounts. Been doing this for 4 years. no problems. I can open them online. They don't care...they need customers after that fiasco.

[SaiJin]

Originally Posted by iceman420

I've only gone up to 8 per bank to be safe, this is good input thanks

No I need to get it

Yea, it's a highly recommended read, you'd be surprised what youd find in the stealth guide.

Once you get it, come back in here to claim your VIP access