UK eBay & PaypalGeneral discussions about eBay.co.uk Suspensions and Paypal.co.uk limited accounts. This forum is geared towards UK eBay & Paypal sellers.
I am looking to setup a bank account (potentially a few), preferably savings accounts as I would prefer not to open anymore current accounts.
I am just wondering what your experiences are with bank accounts you have setup and used for stealth, how easy they are to setup and overall what accounts would you recommend?
I will greatly appreciate your help.
Thank You
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I am looking to setup a bank account (potentially a few), preferably savings accounts as I would prefer not to open anymore current accounts.
I am just wondering what your experiences are with bank accounts you have setup and used for stealth, how easy they are to setup and overall what accounts would you recommend?
I will greatly appreciate your help.
Thank You
you need bank account on your own name and just add to stealth account will be ok, all banks are ok other recommend not to use lloyds
saving accounts also ok
It all depends on what you want to add the bank account for.....
..... sometimes if you are using a savers to add to pp to get the 4 digit verification code, it wont come through.
Some savers from certain banks work and some dont..... before, savers always worked and now only some work..... thats if you want to add bank to get the pp code.
Things are getting tight out there, I dont like change. Oh well.
NatWest and HSBC, I have opened savings accounts with both banks, HSBC worked fine but NatWest notified PayPal on one of my accounts which lead to the bank account being removed from there. I've just opened a Halifax savings account so hopefully that goes alright for me.
I have used HSBC for UK banking - the savings account works ok but you have to keep in mind that withdrawal fees are kind of high...so e-transfer to current accounts when withdrawing.
You also need to enable savings account for direct debit (direct deposit)
you need bank account on your own name and just add to stealth account will be ok, all banks are ok other recommend not to use lloyds
saving accounts also ok
Not really true.
There are question marks over TSB. Coventry B/S do not like mismatched names.
Caution should also be exercised in the number of savers/basics opened with banks and b/s' and the timeframe too.
Yes elsewhere in the forum it has been advised to open probably not more than 2 new bank accounts a year, so as to not attract too much unwanted attention.
Also Lloyds has not been n the recommended list for some time now as so many people were having problems with them not accepting mismatched names.
Yes elsewhere in the forum it has been advised to open probably not more than 2 new bank accounts a year, so as to not attract too much unwanted attention.
Also Lloyds has not been n the recommended list for some time now as so many people were having problems with them not accepting mismatched names.
do me a favour and post a link to the claims in the 1st paragraph.
NatWest and HSBC, I have opened savings accounts with both banks, HSBC worked fine but NatWest notified PayPal on one of my accounts which lead to the bank account being removed from there. I've just opened a Halifax savings account so hopefully that goes alright for me.
See if you can get basic accounts rather than savings.
__________________ REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
do me a favour and post a link to the claims in the 1st paragraph.
Agreed, that would certainly be over cautious!
I think as long as people are sensible and don't go opening 3 or 4 bank accounts every week, or 4 or 5 savers in a day with the same institution, then they should be OK. Just spread things out. Also be aware of which banks are parts of the same group and therefore share more information than you would expect a standard bank account application to disclose.
A current account with most major UK banks (excluding Lloyds/TSB). You should be good to go.
Avoid Barclays savers account - they recycle account numbers. Will usually work fine, but could run into trouble, especially considering you will have to call in and your fairly new to stealth.
Thank you all for your help, I think the last time I opened an account was over 5 years ago so nothing suspicious should be raised. I was just looking to open this new one and potentially a couple more in the future as I've lost quite a few accounts in the past few weeks and I'm looking to establish some new ones. Again great help from everyone!
I’m getting closer to beginning my first stealth ebay and PP ‘buying’ account and need to confirm a simple point regards bank accounts and PP.
Can I create and setup a new stealth PP account with a CC only i.e. without entering and verifying a bank account as well?
Note: My original PP account which is still working just fine has only ever been setup with a couple of CCs and has never had a bank account verified and linked to it. Any refunds or credits go back onto the CC I used for paying. This is an old PP account however of some 12 years, so things may have now changed regards new PP accounts?
In order to lift the receiving limits a bank account will have to be linked. You can buy a VBA from here which will allow you to verify your pp account fully however if you wish to withdraw funds you will need to link your own bank account.
Quote:
Originally Posted by Unimatrix Zero
A quick question regards bank account and PP.
I’m getting closer to beginning my first stealth ebay and PP ‘buying’ account and need to confirm a simple point regards bank accounts and PP.
Can I create and setup a new stealth PP account with a CC only i.e. without entering and verifying a bank account as well?
Note: My original PP account which is still working just fine has only ever been setup with a couple of CCs and has never had a bank account verified and linked to it. Any refunds or credits go back onto the CC I used for paying. This is an old PP account however of some 12 years, so things may have now changed regards new PP accounts?
I’m getting closer to beginning my first stealth ebay and PP ‘buying’ account and need to confirm a simple point regards bank accounts and PP.
Can I create and setup a new stealth PP account with a CC only i.e. without entering and verifying a bank account as well?
Note: My original PP account which is still working just fine has only ever been setup with a couple of CCs and has never had a bank account verified and linked to it. Any refunds or credits go back onto the CC I used for paying. This is an old PP account however of some 12 years, so things may have now changed regards new PP accounts?
Cheers
UZ
(For a ‘Buying Only' Paypal account)
Sorry to be precise on this, so are the two statements below true or false?
Required for creating a Paypal ‘Buying Only’ account = Verified CC only
Required for creating a Paypal ‘Selling & Buying’ account = Verified Bank Account & Verified CC
If I don’t need to go through the extra effort of a new bank account, that would be good news for me.
What bank accounts do you recommend? 
Re: What bank accounts do you recommend? 
I am also wondering is there any I can open online/over the phone so there is less hassle for me having to goto a branch?
