multiple checking accounts is difficult - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 02-11-2013
Junior Member
 
Join Date: Nov 2008
Posts: 67
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 89%
iTrader: (0)
Default multiple checking accounts is difficult

hello

there are some people here who have 10s or 100s of unlinked accounts, correct?
how do you guys get multiple checking accounts for these? like you cant go to the bank every day and ask for more checking accounts.

Last edited by bart; 02-11-2013 at 02:59 PM.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 02-11-2013
Executive [VIP]
 
Join Date: Jan 2012
Posts: 2,497
Thanks: 62
Thanked 532 Times in 447 Posts
Activity: 0%
Longevity: 70%
iTrader: (0)
Default

How many banks and Credit Unions are there in the US?
__________________
Success is not a matter of luck or chance but the result of the measure of probability
Reply With Quote
  #3  
Old 02-11-2013
Banned
 
Join Date: Apr 2009
Posts: 8,605
Thanks: 1,580
Thanked 2,029 Times in 1,356 Posts
Activity: 0%
Longevity: 87%
iTrader: (47)
Default

Please do not take this the wrong way.

You have been a member for almost 5 years and do not know the answer to this?

Join us and spend more time on the board. 3% activity with all the changes being made all the time.

Welcome back and join in on the fun of defeating eb and pp and making money at the same time.

Sandy
Reply With Quote
  #4  
Old 02-11-2013
Futuremogul888's Avatar
Executive [VIP]
 
Join Date: Jul 2012
Posts: 558
Thanks: 141
Thanked 424 Times in 228 Posts
Activity: 2%
Longevity: 68%
iTrader: (0)
Default

This is a valid question no matter how long he has been on the forum. If you are running fifty or more stealth accounts it is difficult to find individual, unlinked withdraw methods for each paypal account.
Reply With Quote
The Following 2 Users Say Thank You to Futuremogul888 For This Useful Post:
Furious George (02-11-2013), hapajenn1 (02-14-2013)
  #5  
Old 02-11-2013
Senior Member
 
Join Date: Sep 2012
Posts: 763
Thanks: 367
Thanked 282 Times in 219 Posts
Activity: 0%
Longevity: 67%
iTrader: (0)
Default

Quote:
Originally Posted by bart View Post
hello

there are some people here who have 10s or 100s of unlinked accounts, correct?
how do you guys get multiple checking accounts for these? like you cant go to the bank every day and ask for more checking accounts.
Who said they all have to be checking accounts?

I have 18 Stealths and not one is a checking account.
Reply With Quote
  #6  
Old 02-11-2013
Packattack12's Avatar
Senior Member
 
Join Date: Dec 2011
Posts: 405
Thanks: 363
Thanked 128 Times in 79 Posts
Activity: 0%
Longevity: 71%
iTrader: (11)
Default

Savings accounts are the way to go
Reply With Quote
  #7  
Old 02-11-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

Quote:
Originally Posted by bart View Post
hello

there are some people here who have 10s or 100s of unlinked accounts, correct?
how do you guys get multiple checking accounts for these? like you cant go to the bank every day and ask for more checking accounts.
Not all users would take checking accounts.

It would come down to how you create your accounts.

The operative word you have used is 'unlinked'.

You would look to using bank accounts that allow checking & savings accounts.

But, here is something to consider RIGHT AWAY. You would look to not having too many accounts with the same bank. You will need to carefully & correctly plan having 100 bank accounts.
Carefully planing is your clue.

Reply With Quote
  #8  
Old 02-11-2013
Senior Member
 
Join Date: Feb 2013
Posts: 284
Thanks: 27
Thanked 47 Times in 40 Posts
Activity: 0%
Longevity: 64%
iTrader: (0)
Default

A bank is totally cool with keeping your money, they don't care how many accounts you put it in.

Consider opening business checking, and savings accounts.

Do you have the need for 100 checking accounts? Perhaps you need help moving your inventory.

In my time as a business person, I've noticed a lot of people put the cart before the horse. I seriously doubt you would have to really ask this question, because if your sales meant that you needed 100 accounts, you'd find a way.
Reply With Quote
  #9  
Old 02-11-2013
Executive [VIP]
 
Join Date: May 2009
Posts: 2,578
Thanks: 214
Thanked 673 Times in 502 Posts
Activity: 0%
Longevity: 86%
iTrader: (5)
Default

Quote:
Originally Posted by Furious George View Post
A bank is totally cool with keeping your money, they don't care how many accounts you put it in.
Not necessarily true. If you have too many bank accounts open at once at one bank, they'll shut you down.
Reply With Quote
  #10  
Old 02-11-2013
Senior Member
 
Join Date: Feb 2013
Posts: 284
Thanks: 27
Thanked 47 Times in 40 Posts
Activity: 0%
Longevity: 64%
iTrader: (0)
Default

Eh... maybe. If you're NOT doing anything illegal, and explain your needs to every bank you deal with, I've found they're always very helpful.

That doesn't mean I've had banks not tell me my business doesn't fit their customer base, it just means there's no law against opening a 1000 bank accounts with your real info.

Last edited by Furious George; 02-12-2013 at 01:43 AM.
Reply With Quote
  #11  
Old 02-12-2013
Banned
 
Join Date: Apr 2009
Posts: 8,605
Thanks: 1,580
Thanked 2,029 Times in 1,356 Posts
Activity: 0%
Longevity: 87%
iTrader: (47)
Default

There are many ways of getting checking and savings account across many banks, credit unions, online etc.

I dont have a problem having a ton of them but I dont do like someone here who sent me a PM telling me Help! I opened 20 bank accounts and got my check direct deposited into one of them and within a week they were all closed.

They went from one bank to another to another opening them all over town.

Not very smart.
Reply With Quote
  #12  
Old 02-12-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

OP should sit down and work out his own long term business plan.

Being swayed by posts & exaggerations of the amount of accounts may be clouding his judgement.

He would need to be professional enough to work a high number of accounts for starters.
Reply With Quote
  #13  
Old 02-12-2013
Count Chocula's Avatar
Subscribed [VIP]
 
Join Date: Jan 2013
Posts: 40
Thanks: 18
Thanked 11 Times in 4 Posts
Activity: 0%
Longevity: 65%
iTrader: (0)
Default

I imagine opening up a ton of bank accounts will result in a lot of "hard pulls" on a credit report. I don't want to explain all those pulls to underwriting when we buy our next house. Ha! I guess if you know you aren't buying a house or a car in the next 6 months, you could open a lot of accounts, but be wary because lenders these days are asking a lot of questions about credit inquiries.
Reply With Quote
  #14  
Old 02-12-2013
zoneout's Avatar
Senior Member
 
Join Date: Dec 2012
Posts: 1,296
Thanks: 285
Thanked 256 Times in 196 Posts
Activity: 0%
Longevity: 65%
iTrader: (0)
Default

Banks dont use the credit bureaus for non-lending accounts. They use Chex. If you ask for overdraft protection on your checking acct then yeah, most likely youll get a hard pull. Why a stealther would want a line-of-credit on his bank account is beyond me.
Reply With Quote
The Following User Says Thank You to zoneout For This Useful Post:
Furious George (02-12-2013)
  #15  
Old 02-12-2013
Banned
 
Join Date: Apr 2009
Posts: 8,605
Thanks: 1,580
Thanked 2,029 Times in 1,356 Posts
Activity: 0%
Longevity: 87%
iTrader: (47)
Default

To be clear with the OP.

Many of us have opened accounts over a period of years.

Start slow open one now. Wait for a while and open one at a credit union.

Repeat but put time behind you.

Do not be in any hurry.
Reply With Quote
  #16  
Old 02-12-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,855
Thanks: 5,926
Thanked 8,909 Times in 8,202 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default

I have been called by one of my banks in the past for having few too many chequing accounts open so yes, it can be problematic.
Reply With Quote
  #17  
Old 02-12-2013
Senior Member
 
Join Date: Sep 2012
Posts: 763
Thanks: 367
Thanked 282 Times in 219 Posts
Activity: 0%
Longevity: 67%
iTrader: (0)
Default

Quote:
Originally Posted by Furious George View Post
A bank is totally cool with keeping your money, they don't care how many accounts you put it in.
You want diversification in everything you do with Stealth accounts.

Don't put all your money in one basket (same bank). Accounts can get frozen due to New bank policies, lawsuits, creditors, court judgments, stolen by identity thieves, ex-wives, etc...

Always spread your money around.

Trust me, when you least expect it is when it always happens

The same way a Financial Planner would tell you to diversify your assets, you do the same with bank accounts.

Stealth means Stealth.
Reply With Quote
The Following User Says Thank You to Roscoe For This Useful Post:
zoneout (02-14-2013)
  #18  
Old 02-14-2013
Executive [VIP]
 
Join Date: Nov 2012
Posts: 3,097
Thanks: 408
Thanked 668 Times in 494 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default

Quote:
Originally Posted by Sandy D View Post
To be clear with the OP.

Many of us have opened accounts over a period of years.

Start slow open one now. Wait for a while and open one at a credit union.

Repeat but put time behind you.

Do not be in any hurry.
Sandy D clearly knows what he/she is talking about. I feel like I am repeating it all. But yes, it takes time to build each account and do it properly. Every bank I deal with I start off with the basic checking and savings. After I establish accounts etc. Usually a years time then I start slowly adding a second savings and possibly a second checking. I am not one who has ever had more than 4 accounts at a bank. I never use local or smaller banks for stealth as well. I try to keep it to the larger banks; Citi, US Bank, Wells, BOA, Chase. You can read the pros and cons for each one yourself. Stealth accounts are fragile now, you have to start slow and work the trust with eBay and PayPal. The best thing you can do is start a bunch of them and always have backups that you are prepping. In the world of stealth being prepared down the line is always a reality.
Reply With Quote
The Following 2 Users Say Thank You to vogeltron For This Useful Post:
hapajenn1 (02-14-2013), Sandy D (02-14-2013)
  #19  
Old 02-14-2013
hapajenn1's Avatar
Junior Member
 
Join Date: Jan 2011
Posts: 275
Thanks: 152
Thanked 15 Times in 12 Posts
Activity: 0%
Longevity: 76%
iTrader: (0)
Default

Quote:
Originally Posted by vogeltron View Post
Sandy D clearly knows what he/she is talking about. I feel like I am repeating it all. But yes, it takes time to build each account and do it properly. Every bank I deal with I start off with the basic checking and savings. After I establish accounts etc. Usually a years time then I start slowly adding a second savings and possibly a second checking. I am not one who has ever had more than 4 accounts at a bank. I never use local or smaller banks for stealth as well. I try to keep it to the larger banks; Citi, US Bank, Wells, BOA, Chase. You can read the pros and cons for each one yourself. Stealth accounts are fragile now, you have to start slow and work the trust with eBay and PayPal. The best thing you can do is start a bunch of them and always have backups that you are prepping. In the world of stealth being prepared down the line is always a reality.
I did not even know that you can have more than one checking/savings per one bank? For instance, I use BoFA and have basic checking/savings (works great) -- but what would I say is the reason for needing a second checking/savings if I am just a single person without kids or married etc?
This by the way is not related to opening a new business acct which I am considering of doing.
Reply With Quote
  #20  
Old 02-14-2013
Banned
 
Join Date: Apr 2009
Posts: 8,605
Thanks: 1,580
Thanked 2,029 Times in 1,356 Posts
Activity: 0%
Longevity: 87%
iTrader: (47)
Default

Quote:
Originally Posted by hapajenn1 View Post
I did not even know that you can have more than one checking/savings per one bank? For instance, I use BoFA and have basic checking/savings (works great) -- but what would I say is the reason for needing a second checking/savings if I am just a single person without kids or married etc?
This by the way is not related to opening a new business acct which I am considering of doing.
You just answered your own question.

BUSINESS

And everyone needs a Christmas savings.

Reply With Quote
  #21  
Old 02-14-2013
Senior Member
 
Join Date: Sep 2012
Posts: 763
Thanks: 367
Thanked 282 Times in 219 Posts
Activity: 0%
Longevity: 67%
iTrader: (0)
Default

Quote:
Originally Posted by hapajenn1 View Post
I did not even know that you can have more than one checking/savings per one bank? For instance, I use BoFA and have basic checking/savings (works great) -- but what would I say is the reason for needing a second checking/savings if I am just a single person without kids or married etc?
This by the way is not related to opening a new business acct which I am considering of doing.
It's BOA, I have a half dozen accounts with them. Personal + Business. They could care less what you are using it for.

If they asked tell them you have multiple businesses setup as DBA (Doing Business As) Jane Doe.

Act like you've been there, done that when dealing with a banker. Many make peanuts and just want Friday to come asap.
Reply With Quote
  #22  
Old 02-14-2013
Packattack12's Avatar
Senior Member
 
Join Date: Dec 2011
Posts: 405
Thanks: 363
Thanked 128 Times in 79 Posts
Activity: 0%
Longevity: 71%
iTrader: (11)
Default multiple checking accounts is difficult

Yeah or tell them your setting up savings accounts for future purchase. Example home or car.

I've never had then question what I was opening an account for?
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



Aspkin Group

All times are GMT -5. The time now is 04:38 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58