Paypal adding a bank - account holder name verification? Instant verif. vs. deposits

jimmymac99 · 07-19-2007, 11:10 AM

I want to add a savings account to a paypal account. Will my name on my savings account be seen by paypal?

Quickie · 07-26-2007, 09:52 AM

I don't think the bank sends back any info to paypal.
It's a one-way information path. Paypal sends deposits into an account number, but does't get back other info except "OK" or NOT OK"

that's why the Nigerial scam works.
because all you need to access a US bank account is the right number, not the right name.

Modee · 09-13-2007, 12:13 PM

I just determined something!

I was adding a bank account to my FNBO online, and they give you the choice of entering your online username and PW, or doing the deposit verification ordeal - same as PayPal.

I opted for the online verification - and after a minute or so, the system came back and stated that they could not verify my name on the account using the online system. Yup. That's because - the account I want to add is a corporate account and the bank account holder name is obviously not the same as the name under which I have the FNBO account.

See what I am getting at? I assume PP has the same system, so if you opt for their "online verification system" they might be verifying not just that you have the username and login info, but also the ACCOUNT HOLDER'S NAME. Beware.

Jack · 09-16-2007, 08:27 AM

I've done immediate online verification in the past with no issues. The names were different. According to an online statement, the information is not retained nor shared with employees. Although that information could easily be stored somewhere if the impetus was there, they SAY that it's not.

Modee · 09-16-2007, 02:19 PM

The FNBO online verification system is obviously different then. Either that or the PP system does not verify account holder names using that same system.

If you understand AVS, for example, there are different "fields" that can be used for verification. The simplest AVS system verifies five digit zip only. The most sophisticated use all fields, numeral in address and nine digit zip. By the same token PP may not be utilizing all fields in that online verification process - yet. FNBO obviously is.

John14789 · 08-14-2008, 02:00 AM

When I went to enter my WAMU savings account into Paypal it took me to a page where it game the two options. One was for regular bank verify with the two small deposits then there was another one which said instant verify. Is this instant verify new? To get instantly verified you simply had to enter your WAMU online banking login. Now I don't if that will get you linked or not. Was this instant verify used with success?

philly387 · 08-14-2008, 07:08 AM

I did not use it because I do not know what information they get when you give them your login and password, and well...its just stupid to give those out anyways, I don't care who it is I would not give them out.

mycrowman · 08-14-2008, 02:19 PM

Pp doesnt see any of that info, it is the same as login in to wamu from wamu site.

Modee · 08-14-2008, 03:27 PM

PayPal + other card processors sharing Info + Account NAME with ING, and other banks

kar_crs · 08-18-2008, 01:14 AM

I would not give Paypal the password to your bank acct. for instant verification. They could log in to your bank acct. and see all of your real information, I know it is a hassle to wait the 3-5 days for the two deposits but it is well worth it!

doughboykilla · 08-18-2008, 10:17 AM

Yeah do it the old fasion with the 2 small depoists paypal can not get any info includeing your account holders name that away

07-19-2007, 11:10 AM	#1 (permalink)
jimmymac99 eBay Newbie iTrader: (0) Join Date: Jul 2007 Posts: 21 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 75%	Paypal adding a bank - account holder name verification? Instant verif. vs. deposits I want to add a savings account to a paypal account. Will my name on my savings account be seen by paypal?

08-14-2008, 02:00 AM	#6 (permalink)
John14789 Subscribed Member iTrader: (2) Join Date: May 2008 Posts: 443 My Mood: Thanks: 0 Thanked 2 Times in 2 Posts Activity: 36% Longevity: 27%	Has anyone tried this with success? When I went to enter my WAMU savings account into Paypal it took me to a page where it game the two options. One was for regular bank verify with the two small deposits then there was another one which said instant verify. Is this instant verify new? To get instantly verified you simply had to enter your WAMU online banking login. Now I don't if that will get you linked or not. Was this instant verify used with success?

08-14-2008, 07:08 AM	#7 (permalink)
philly387 Subscribed Member iTrader: (1) Join Date: Jul 2008 Location: Michigan Posts: 408 My Mood: Thanks: 4 Thanked 0 Times in 0 Posts Activity: 41% Longevity: 20%	I did not use it because I do not know what information they get when you give them your login and password, and well...its just stupid to give those out anyways, I don't care who it is I would not give them out. __________________ Friday, October 24, 2008 Good morning. When we release ourselves from the desire to please, we release ourselves from an inner disease. Our self-worth is not based on accomplishments. God is Love Rev Run

08-14-2008, 03:27 PM	#9 (permalink)
Modee Tech Support Guru iTrader: (63) Join Date: Jan 2007 Location: United States Posts: 3,813 My Mood: Thanks: 0 Thanked 11 Times in 11 Posts Activity: 91% Longevity: 99%	PayPal + other card processors sharing Info + Account NAME with ING, and other banks __________________ .. . Please read the following threads before you use this forum or create a new thread: http://www.aspkin.com/forums/ebay-su...ease-read.html http://www.aspkin.com/forums/ebay-di...ing-posts.html http://www.aspkin.com/forums/ebay-di...addressed.html Please read below before you PM me with a question: http://www.aspkin.com/forums/ebay-di...h-support.html I do offer one-on-one tech support! to get you back on EBAY quickly.

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07-26-2007, 09:52 AM	#2 (permalink)
Quickie eBay Newbie iTrader: (0) Join Date: Jul 2007 Posts: 34 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 73%	I don't think the bank sends back any info to paypal. It's a one-way information path. Paypal sends deposits into an account number, but does't get back other info except "OK" or NOT OK" that's why the Nigerial scam works. because all you need to access a US bank account is the right number, not the right name.

09-13-2007, 12:13 PM	#3 (permalink)
Modee Tech Support Guru iTrader: (63) Join Date: Jan 2007 Location: United States Posts: 3,813 My Mood: Thanks: 0 Thanked 11 Times in 11 Posts Activity: 91% Longevity: 99%	I just determined something! I was adding a bank account to my FNBO online, and they give you the choice of entering your online username and PW, or doing the deposit verification ordeal - same as PayPal. I opted for the online verification - and after a minute or so, the system came back and stated that they could not verify my name on the account using the online system. Yup. That's because - the account I want to add is a corporate account and the bank account holder name is obviously not the same as the name under which I have the FNBO account. See what I am getting at? I assume PP has the same system, so if you opt for their "online verification system" they might be verifying not just that you have the username and login info, but also the ACCOUNT HOLDER'S NAME. Beware.

09-16-2007, 08:27 AM	#4 (permalink)
Jack Level 3 Restrictions iTrader: (0) Join Date: Feb 2007 Posts: 1,115 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 98%	I've done immediate online verification in the past with no issues. The names were different. According to an online statement, the information is not retained nor shared with employees. Although that information could easily be stored somewhere if the impetus was there, they SAY that it's not.

09-16-2007, 02:19 PM	#5 (permalink)
Modee Tech Support Guru iTrader: (63) Join Date: Jan 2007 Location: United States Posts: 3,813 My Mood: Thanks: 0 Thanked 11 Times in 11 Posts Activity: 91% Longevity: 99%	The FNBO online verification system is obviously different then. Either that or the PP system does not verify account holder names using that same system. If you understand AVS, for example, there are different "fields" that can be used for verification. The simplest AVS system verifies five digit zip only. The most sophisticated use all fields, numeral in address and nine digit zip. By the same token PP may not be utilizing all fields in that online verification process - yet. FNBO obviously is.

08-14-2008, 02:19 PM	#8 (permalink)
mycrowman eBay Enthusiast iTrader: (0) Join Date: Jun 2008 Posts: 79 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Activity: 1% Longevity: 23%	Pp doesnt see any of that info, it is the same as login in to wamu from wamu site.

08-18-2008, 01:14 AM	#10 (permalink)
kar_crs eBay Newbie iTrader: (1) Join Date: May 2008 Posts: 14 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 27%	I would not give Paypal the password to your bank acct. for instant verification. They could log in to your bank acct. and see all of your real information, I know it is a hassle to wait the 3-5 days for the two deposits but it is well worth it!

08-18-2008, 10:17 AM	#11 (permalink)
doughboykilla eBay Specialist iTrader: (0) Join Date: Oct 2007 Posts: 386 My Mood: Thanks: 2 Thanked 1 Time in 1 Post Activity: 41% Longevity: 58%	Yeah do it the old fasion with the 2 small depoists paypal can not get any info includeing your account holders name that away

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